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NET

CloudFlare Inc

NET

77.55USD+0.75 (+0.98%)Market Closed
Watchlist

Market Summary

USD77.55+0.75
Market Closed
0.98%

NET Alerts

  • 6 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

NET Stock Price

View Fullscreen

NET RSI Chart

NET Valuation

Market Cap

25.5B

Price/Earnings (Trailing)

-126.37

Price/Sales (Trailing)

21.11

EV/EBITDA

-410.52

Price/Free Cashflow

206.93

NET Price/Sales (Trailing)

NET Profitability

Operating Margin

75.57%

EBT Margin

-19.14%

Return on Equity

-34.43%

Return on Assets

-8.72%

Free Cashflow Yield

0.48%

NET Fundamentals

NET Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

32.2%

Revenue Q/Q

8.79%

NET Earnings

Earnings (TTM)

-202.0M

Earnings Y/Y

44.68%

Earnings Q/Q

75.09%

Price Action

Last 7 days

-0.4%

Last 30 days

16.4%

Last 90 days

22.6%

Trailing 12 Months

73.5%

How does NET drawdown profile look like?

NET Financial Health

Current Ratio

3.84

NET Investor Care

Shares Dilution (1Y)

2.18%

Diluted EPS (TTM)

-0.61

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.1B1.1B1.2B0
2022730.5M812.6M894.1M975.2M
2021477.9M530.6M588.8M656.4M
2020316.5M348.8M389.1M431.1M
2019213.7M234.7M258.6M287.0M
2018149.4M163.8M178.2M192.7M
2017000134.9M

Latest Insider Trading transactions for NET

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 05, 2023
prince matthew
acquired
-
-
52,384
ceo & chair of the board
Dec 05, 2023
prince matthew
sold
-4,097,150
78.2138
-52,384
ceo & chair of the board
Dec 04, 2023
prince matthew
sold
-4,153,930
79.2977
-52,384
ceo & chair of the board
Dec 04, 2023
seifert thomas j
acquired
-
-
30,271
chief financial officer
Dec 04, 2023
seifert thomas j
sold
-2,412,690
79.703
-30,271
chief financial officer
Dec 04, 2023
prince matthew
acquired
-
-
52,384
ceo & chair of the board
Dec 01, 2023
prince matthew
sold
-4,059,180
77.4889
-52,384
ceo & chair of the board
Dec 01, 2023
prince matthew
acquired
-
-
52,384
ceo & chair of the board
Dec 01, 2023
kramer douglas james
acquired
-
-
3,000
general counsel
Dec 01, 2023
kramer douglas james
sold
-233,310
77.77
-3,000
general counsel

1–10 of 50

Which funds bought or sold NET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
added
17.04
950,571
8,338,430
0.01%
Dec 05, 2023
Advisory Resource Group
added
6.68
20,706
739,711
0.20%
Dec 01, 2023
Fortis Group Advisors, LLC
new
-
64,111
64,111
0.02%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
added
3.12
-1,392
248,125
0.01%
Nov 28, 2023
ASB Consultores, LLC
reduced
-51.34
-241,727
213,706
0.08%
Nov 27, 2023
TRUST CO OF VERMONT
sold off
-100
-9,806
-
-%
Nov 24, 2023
DEUTSCHE BANK AG\
added
5.1
1,137,380
85,242,900
0.06%
Nov 22, 2023
Public Sector Pension Investment Board
sold off
-100
-1,105,340
-
-%
Nov 22, 2023
KBC Group NV
unchanged
-
-
12,463,000
0.05%
Nov 22, 2023
Polar Capital Holdings Plc
reduced
-76.63
-43,412,700
12,628,100
0.09%

1–10 of 35

Latest Funds Activity

Are funds buying NET calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NET
No. of Funds

Schedule 13G FIlings of CloudFlare Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 06, 2023
baillie gifford & co
11.03%
31,928,982
SC 13G/A
Feb 14, 2023
sands capital management, llc
5.4%
15,454,112
SC 13G
Feb 13, 2023
capital world investors
5.6%
16,028,998
SC 13G
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.09%
25,883,484
SC 13G/A
Feb 08, 2023
morgan stanley
10.7%
30,529,371
SC 13G/A
Feb 03, 2023
blackrock inc.
5.4%
15,508,991
SC 13G
Jan 18, 2023
baillie gifford & co
9.25%
26,335,438
SC 13G/A
Jun 09, 2022
blackrock inc.
4.9%
13,775,817
SC 13G
Feb 14, 2022
prince matthew
11.1%
34,241,514
SC 13G/A

Recent SEC filings of CloudFlare Inc

View All Filings
Date Filed Form Type Document
Dec 07, 2023
4
Insider Trading
Dec 06, 2023
144
Notice of Insider Sale Intent
Dec 05, 2023
4
Insider Trading
Dec 05, 2023
4
Insider Trading
Dec 04, 2023
144
Notice of Insider Sale Intent
Dec 04, 2023
4
Insider Trading
Dec 01, 2023
144
Notice of Insider Sale Intent
Nov 30, 2023
4
Insider Trading
Nov 30, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading

Peers (Alternatives to CloudFlare Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.8T
218.3B
2.89% 51.80%
35.75
12.63
7.50% 10.47%
277.6B
18.9B
4.03% 86.35%
54.21
14.7
9.86% 6.40%
57.1B
2.8B
24.85% 112.16%
-4.8K
20.07
39.94% 93.33%
41.5B
20.8B
34.14% 12.13%
-146.79
2
22.61% 44.15%
17.3B
3.7B
5.58% 28.18%
33.67
4.63
4.19% -7.24%
MID-CAP
10.0B
2.8B
8.32% 13.93%
25.35
3.56
4.35% 22.59%
5.7B
601.6M
3.46% 47.66%
-342.56
9.42
8.88% 70.93%
4.8B
542.4M
22.16% -6.74%
-19.93
8.85
37.83% 40.17%
3.0B
1.4B
11.59% 33.46%
33.38
2.08
-0.63% -44.79%
2.6B
525.8M
-5.28% -2.63%
-19.48
5.03
17.58% 4.56%
SMALL-CAP
1.6B
1.2B
3.57% -8.30%
20.28
1.35
8.09% 97.57%
938.9M
258.9M
12.24% -34.38%
23.42
3.63
-5.29% 1.20%
292.9M
592.7M
-11.43% -47.72%
10.45
0.49
9.29% 227.17%
8.0M
16.3M
4.05% -45.00%
-4.34
0.49
-2.49% -246.74%
6.9M
13.4M
-10.00% -87.59%
-0.73
0.51
-18.06% -46.22%

CloudFlare Inc News

Latest updates
MarketBeat07 Dec 202311:37 pm23 hours ago
CXOToday.com07 Dec 202312:05 pm34 hours ago
Yahoo Finance07 Dec 202304:05 am42 hours ago
MarketBeat06 Dec 202302:40 pm2 days ago
Nasdaq05 Dec 202303:00 pm3 days ago
DirectorsTalk Interviews05 Dec 202302:28 pm3 days ago
InvestorsObserver30 Nov 202301:37 pm8 days ago
Marketscreener.com28 Nov 202308:00 am10 days ago
Marketscreener.com27 Nov 202309:16 pm11 days ago
InvestorsObserver21 Nov 202305:08 pm17 days ago
Yahoo Finance21 Nov 202308:00 am17 days ago
Simply Wall St17 Nov 202302:34 pm21 days ago
Nasdaq15 Nov 202308:00 am23 days ago
Nasdaq14 Nov 202308:00 am24 days ago
Yahoo Finance07 Nov 202308:00 am31 days ago

Financials for CloudFlare Inc

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue8.8%335,603,000308,494,000290,175,000274,700,000253,857,000234,517,000212,167,000193,596,000172,347,000152,428,000138,055,000125,926,000114,162,00099,721,00091,250,00083,930,00073,941,00067,424,00061,727,00055,499,00050,070,000
Cost Of Revenue3.8%78,069,00075,221,00070,432,00067,788,00061,967,00055,804,00047,051,00042,496,00037,525,00035,029,00032,084,00029,065,00027,005,00024,164,00020,821,00018,198,00016,033,00014,832,00014,360,00012,956,00011,209,000
Gross Profit10.4%257,534,000233,273,000219,743,000206,912,000191,890,000178,713,000165,116,000151,100,000134,822,000117,399,000105,971,00096,861,00087,157,00075,557,00070,429,00065,732,00057,908,00052,592,00047,367,00042,543,00038,861,000
Operating Expenses2.5%296,746,000289,445,000267,015,000257,603,000237,837,000243,254,000205,140,000192,164,000161,316,000146,271,000137,225,000121,602,000108,409,000100,261,000106,500,00095,674,00098,994,00072,363,00064,514,00059,636,00075,329,000
  S&GA Expenses2.4%150,214,000146,688,000137,001,000132,050,000116,033,000117,622,000100,057,00096,219,00085,877,00075,995,00069,974,00063,552,00055,982,00051,376,00046,965,00047,107,00045,538,00035,836,00030,817,00028,188,00024,462,000
  R&D Expenses1.1%90,593,00089,610,00081,539,00079,703,00076,432,00075,114,00067,054,00061,762,00046,770,00041,349,00039,527,00034,757,00030,902,00028,131,00033,354,00026,289,00027,863,00018,868,00017,649,00015,350,00014,827,000
EBITDA Margin100.0%--0.08-0.06-0.09-0.10-0.20-0.19-0.20-0.21-0.09-0.09-0.12-0.15-0.25-0.27-0.26-0.26-0.27-0.31-0.34-0.66
Interest Expenses-26.1%1,138,0001,539,0002,126,000875,0001,512,0001,040,0001,557,00016,108,00012,448,00010,444,00010,234,00010,062,0009,828,0005,007,00067,000142,000407,000290,000273,000266,000251,000
Income Taxes-16.4%1,254,0001,500,0001,300,0001,045,0001,400,000-170,000400,00020,538,000-3,100,000-4,310,000-800,000156,000-3,500,000-1,900,000-338,000620,500-200,000389,000300,000188,000400,000
Earnings Before Taxes76.0%-22,281,000-93,002,000-36,768,000-44,845,000-41,174,000-63,707,000-41,007,000-56,930,000-110,430,000-39,820,000-40,796,000-33,844,000-29,972,000-28,073,000-33,084,000-27,531,000-41,065,000-19,317,000-16,800,000-16,499,000-37,572,000
EBT Margin100.0%--0.19-0.18-0.20-0.23-0.33-0.34-0.38-0.38-0.27-0.28-0.29-0.30-0.37-0.38-0.36-0.36-0.38-0.42-0.45-0.75
Net Income75.1%-23,535,000-94,467,000-38,082,000-45,917,000-42,546,000-63,537,000-41,381,000-77,501,000-107,335,000-35,510,000-39,963,000-34,021,000-26,468,000-26,135,000-32,746,000-28,155,000-40,853,000-19,706,000-17,114,000-16,687,000-37,989,000
Net Income Margin100.0%--0.20-0.18-0.20-0.25-0.36-0.36-0.40-0.37-0.26-0.26-0.28-0.29-0.37-0.38-0.37-0.36-0.39-0.43-0.45-0.76
Free Cashflow-100.0%-25,703,00018,873,00037,978,000792,0001,167,000-59,948,00012,283,000-35,730,000-6,117,0001,226,000-19,226,000-13,384,000-15,213,000-25,681,000-20,882,000-29,777,000-12,821,000-18,726,000-25,229,000-14,506,000
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets2.2%2,5902,5332,6682,5882,4912,4682,3542,3722,3161,4461,4061,3811,3711,364859831840659479298
  Current Assets2.2%1,8581,8181,9541,8881,8161,8141,8951,9561,9311,1461,1401,1301,1271,132648690696--197
    Cash Equivalents-38.7%98.0015925620413815416032162525719711812132311814650849.0039.0031.00
  Net PPE5.6%31029329828726424520218417715713612412211510010192.00--73.00
  Goodwill0.0%1481481481481491491205.006.0017.0017.0017.0017.0017.0016.004.004.00--4.00
Liabilities0.0%1,8911,8912,0151,9641,8971,8881,8381,5561,46264560156454552815210599.0093.0087.0080.00
  Current Liabilities1.0%47847344539833933327728922720016814113112110884.0077.00--61.00
Shareholder's Equity8.9%699642653624594580515811853801804817826836706726740---
  Retained Earnings-2.4%-995-972-877-839-793-751-687-680-603-495-460-420-386-360-333-301-273---195
  Additional Paid-In Capital4.9%1,6991,6201,5361,4751,4051,3481,2161,4951,4561,2971,2641,2371,2121,1941,0391,0271,014--82.00
Shares Outstanding-100.0%-332330-327325323-31530830630030229929614696.0086.0085.0081.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations5.7%68,10064,45136,41478,12342,68838,251-35,46740,617-6,9187,45523,494-8,8131,9733,987-14,276-8,574-17,786-2,867-9,690-12,270-
  Share Based Compensation7.9%73,77268,39257,40160,23253,76554,81533,96528,49923,04920,54718,04216,24314,74512,44912,89711,61522,9111,0441,0571,062-
Cashflow From Investing-92904.6%-100,22910815,567-19,956-48,887-56,048-110,805-354,795-444,77342,47047,776-579-205,153-300,769-8,772-352,659-92,82912,63815,209-58,525-
Cashflow From Financing79.5%-34,610-168,6121,2478,0191,43911,143-14,2549,774820,18310,1507,3796,7321,156501,702-4,678-1,497570,216-1992,24811.00-
  Buy Backs-100.0%-34.00----3.001.0019.0019.0015044.0012.0031.0070.0012867.0084.004.0017.00-

NET Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]    
Revenue$ 335,603$ 253,857$ 934,272$ 700,541
Cost of revenue78,06961,967223,722164,822
Gross profit257,534191,890710,550535,719
Operating expenses:    
Sales and marketing150,214116,033433,903333,712
Research and development90,59376,432261,742218,600
General and administrative55,93945,372157,561133,919
Total operating expenses296,746237,837853,206686,231
Loss from operations(39,212)(45,947)(142,656)(150,512)
Non-operating income (expense):    
Interest income17,9543,85247,9776,554
Interest expense(1,138)(1,512)(4,803)(4,109)
Loss on extinguishment of debt00(50,300)0
Other income (expense), net1152,433(2,269)2,179
Total non-operating income (expense), net16,9314,773(9,395)4,624
Loss before income taxes(22,281)(41,174)(152,051)(145,888)
Provision for income taxes1,2541,3724,0331,576
Net loss$ (23,535)$ (42,546)$ (156,084)$ (147,464)
Net loss per share attributable to common stockholders, basic (in dollars per share)$ (0.07)$ (0.13)$ (0.47)$ (0.45)
Net loss per share attributable to common stockholders, diluted (in dollars per share)$ (0.07)$ (0.13)$ (0.47)$ (0.45)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)334,666326,590332,600325,457
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)334,666326,590332,600325,457

NET Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 94,143$ 204,178
Available-for-sale securities1,480,1621,445,759
Accounts receivable, net199,468148,544
Contract assets11,6898,292
Restricted cash short-term1,61210,555
Prepaid expenses and other current assets70,92970,556
Total current assets1,858,0031,887,884
Property and equipment, net309,815286,600
Goodwill148,047148,047
Acquired intangible assets, net17,82132,483
Operating lease right-of-use assets126,407132,360
Deferred contract acquisition costs, noncurrent115,15493,145
Restricted cash1,885471
Other noncurrent assets12,7786,918
Total assets2,589,9102,587,908
Current liabilities:  
Accounts payable40,59035,607
Accrued expenses and other current liabilities55,68566,425
Accrued compensation52,19042,014
Operating lease liabilities35,07633,275
Liability for early exercise of unvested stock options1341,902
Deferred revenue294,100218,647
Total current liabilities477,775397,870
Convertible senior notes, net1,282,3721,436,192
Operating lease liabilities, noncurrent101,673107,624
Deferred revenue, noncurrent17,35411,732
Other noncurrent liabilities11,47910,526
Total liabilities1,890,6531,963,944
Commitments and contingencies (Note 8)
Stockholders’ Equity  
Additional paid-in capital1,699,0451,475,423
Accumulated deficit(995,975)(839,891)
Accumulated other comprehensive loss(4,148)(11,896)
Total stockholders’ equity699,257623,964
Total liabilities and stockholders’ equity2,589,9102,587,908
Class A common stock  
Stockholders’ Equity  
Common stock, value, issued295286
Class B common stock  
Stockholders’ Equity  
Common stock, value, issued$ 40$ 42
NET
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, secure origin connection, and rate limiting products. It also offers website and application performance solutions, including content delivery, load balancing, DNS, agro smart routing, video stream delivery, content optimization, virtual backbone, always online, and cloudflare waiting room and registrar; and network services, which deliver network connectivity, security, and performance to customers as a service, including WAN, WARP, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust services, such as cloudflare access, cloudflare gateway, remote browser isolation, cloud access security broker, cloudflare area 1 email security, and data loss prevention products that protect, inspect, and privilege data. Further, it provides developer-based solutions consisting of cloudflare workers, pages, stream, and images, as well as Cloudflare Data Localization suite, a tool that set rules and controls at the network edge; durable objects and R2 object storage products; Consumer DNS Resolver, a consumer app to browse the Internet; and consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
 CEO
 WEBSITEwww.cloudflare.com
 EMPLOYEES3389

CloudFlare Inc Frequently Asked Questions


What is the ticker symbol for CloudFlare Inc? What does NET stand for in stocks?

NET is the stock ticker symbol of CloudFlare Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CloudFlare Inc (NET)?

As of Thu Dec 07 2023, market cap of CloudFlare Inc is 25.53 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NET stock?

You can check NET's fair value in chart. The fair value of CloudFlare Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CloudFlare Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NET so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CloudFlare Inc a good stock to buy?

The fair value guage provides a quick view whether NET is over valued or under valued. Whether CloudFlare Inc is cheap or expensive depends on the assumptions which impact CloudFlare Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NET.

What is CloudFlare Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Dec 07 2023, NET's PE ratio (Price to Earnings) is -126.37 and Price to Sales (PS) ratio is 21.11. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NET PE ratio will change depending on the future growth rate expectations of investors.