Market Summary
USD61.14+3.11
Market Closed5.36%
NET Stock Price
NET RSI Chart
NET Valuation
NET Price/Sales (Trailing)
NET Profitability
NET Fundamentals
NET Revenue
NET Earnings
Price Action
52 Week Range
37.3780.99
(Low)(High)
Last 7 days
5.4%
Last 30 days
2.7%
Last 90 days
3.3%
Trailing 12 Months
9.1%
NET Financial Health
NET Investor Care
Peers (Alternatives to Cloudflare)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.5T | 207.6B | 12.70% | 25.81% | 35.87 | 11.93 | 7.81% | -4.74% |
ADBE | 190.7B | 18.0B | 14.41% | 1.66% | 40.25 | 10.59 | 11.50% | -1.86% |
AZPN | - | - | -29.25% | -13.98% | - | - | - | - |
ORCL | 281.0B | 48.0B | 11.07% | 46.64% | 33.56 | 5.86 | 14.66% | 10.75% |
CRM | 217.4B | 31.4B | 12.49% | 32.61% | 1.0K | 6.93 | 19.41% | -85.60% |
ZM | 20.5B | 4.4B | 7.88% | -38.07% | 198.13 | 4.68 | 7.15% | -92.46% |
| MID-CAP | ||||||||
APPN | 2.9B | 489.0M | 13.36% | -11.92% | -19.47 | 6.28 | 23.89% | -67.60% |
MANH | 11.1B | 809.1M | 8.18% | 50.50% | 81.07 | 13.74 | 17.99% | 15.82% |
GWRE | 6.7B | 869.9M | 8.60% | 1.58% | -39.92 | 7.66 | 13.87% | -28.82% |
PING | 2.4B | - | 1.17% | 7.67% | -23.16 | 7.93 | - | - |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 396.1M | 29.79% | 5.39% | -5.73 | 2.87 | 14.23% | -99.11% |
YEXT | 1.1B | 400.9M | 1.28% | 74.75% | -16.18 | 2.66 | 2.63% | 29.30% |
UPLD | 92.8M | 315.6M | -17.82% | -77.71% | -0.5 | 0.29 | 2.89% | -207.54% |
Financials for Cloudflare
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 8.0% | 1,053,249,000 | 975,241,000 | 894,137,000 | 812,627,000 | 730,538,000 |
| Gross Profit | 7.4% | 797,258,000 | 742,631,000 | 686,819,000 | 629,751,000 | 568,437,000 |
| Operating Expenses | 6.6% | 1,005,709,000 | 943,834,000 | 878,395,000 | 801,874,000 | 704,891,000 |
| S&GA Expenses | 7.9% | 502,706,000 | 465,762,000 | 429,931,000 | 399,775,000 | 358,148,000 |
| R&D Expenses | 4.9% | 312,788,000 | 298,303,000 | 280,362,000 | 250,700,000 | 216,935,000 |
| EBITDA | 8.9% | -83,414,000 | -91,567,000 | -160,207,000 | -138,084,000 | - |
| EBITDA Margin | 16.5% | -0.09 | -0.10 | -0.20 | -0.19 | - |
| Earnings Before Taxes | 2.2% | -186,494,000 | -190,733,000 | -202,818,000 | -272,074,000 | -248,187,000 |
| EBT Margin | 13.8% | -0.20 | -0.23 | -0.33 | -0.34 | - |
| Interest Expenses | 11.4% | 5,553,000 | 4,984,000 | 20,217,000 | 31,153,000 | 40,557,000 |
| Net Income | 1.7% | -190,082,000 | -193,381,000 | -224,965,000 | -289,754,000 | -261,727,000 |
| Net Income Margin | 21.2% | -0.20 | -0.25 | -0.36 | -0.36 | - |
| Free Cahsflow | 56.2% | -20,011,000 | -45,706,000 | -82,228,000 | -89,512,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 3.1% | 2,668 | 2,588 | 2,491 | 2,468 | 2,354 |
| Current Assets | 3.5% | 1,954 | 1,888 | 1,816 | 1,814 | 1,895 |
| Cash Equivalents | 25.6% | 256 | 204 | 138 | 143 | 160 |
| Net PPE | 4.0% | 298 | 287 | 264 | 245 | 202 |
| Goodwill | 0% | 148 | 148 | 149 | 149 | 120 |
| Liabilities | 2.6% | 2,015 | 1,964 | 1,897 | 1,888 | 1,838 |
| Current Liabilities | 11.7% | 445 | 398 | 339 | 333 | 277 |
| Shareholder's Equity | 4.6% | 653 | 624 | 594 | 580 | 515 |
| Retained Earnings | -4.5% | -877 | -839 | -793 | -751 | -687 |
| Additional Paid-In Capital | 4.1% | 1,536 | 1,475 | 1,405 | 1,348 | 1,216 |
| Accumulated Depreciation | 13.7% | 157 | 138 | - | - | - |
| Shares Outstanding | 1.2% | 330 | 327 | 325 | 323 | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 58.2% | 195 | 124 | 86.00 | 36.00 | 6.00 |
| Share Based Compensation | 11.6% | 226 | 203 | 171 | 140 | 106 |
| Cashflow From Investing | 53.6% | -109 | -235 | -570 | -966 | -867 |
| Cashflow From Financing | 244.2% | 22.00 | 6.00 | 8.00 | 827 | 826 |
| Buy Backs | -100.0% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Risks for NET
What is the probability of a big loss on NET?
84.6%
Probability that Cloudflare stock will be more than 20% underwater in next one year
39.5%
Probability that Cloudflare stock will be more than 30% underwater in next one year.
37.4%
Probability that Cloudflare stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NET drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cloudflare was unfortunately bought at previous high price.
Drawdowns
Returns for NET
Cumulative Returns on NET
29.6%
3-Year Cumulative Returns
Which funds bought or sold NET recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Capital Impact Advisors, LLC | sold off | -100 | -141,191 | - | -% |
2023-05-23 | Toroso Investments, LLC | new | - | 694,000 | 694,000 | 0.01% |
2023-05-23 | Seaport Global Advisors, LLC | reduced | -29.76 | -8,206 | 186,830 | 0.59% |
2023-05-22 | Arete Wealth Advisors, LLC | new | - | 456,000 | 456,000 | 0.04% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 4.52 | 10,069,800 | 33,734,800 | 0.01% |
2023-05-22 | CTC LLC | new | - | 8,104,250 | 8,104,250 | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | added | 36.78 | 3,448,210 | 11,710,700 | 0.02% |
2023-05-19 | Anson Funds Management LP | added | 100 | 1,766,760 | 3,410,000 | 0.28% |
2023-05-18 | Firsthand Capital Management, Inc. | unchanged | - | 1,316,000 | 4,932,800 | 5.36% |
2023-05-18 | JPMORGAN CHASE & CO | added | 78.61 | 9,198,000 | 15,603,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Cloudflare News
Schedule 13G FIlings of Cloudflare
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 14, 2022 | zatlyn michelle | 4.1% | 11,808,974 | SC 13G/A |
NET Fair Value
Recent SEC filings of Cloudflare
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 24, 2023 | 4 | Insider Trading | |
| May 22, 2023 | 4 | Insider Trading | |
| May 19, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 16, 2023 | 4 | Insider Trading | |
| May 16, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for NET
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-24 | Prince Matthew | sold | -2,921,340 | 55.7677 | -52,384 | ceo & chair of the board |
2023-05-24 | Prince Matthew | acquired | - | - | 52,384 | ceo & chair of the board |
2023-05-23 | Prince Matthew | acquired | - | - | 52,384 | ceo & chair of the board |
2023-05-23 | Prince Matthew | sold | -2,974,850 | 56.7894 | -52,384 | ceo & chair of the board |
2023-05-22 | Prince Matthew | sold | -3,019,910 | 57.6495 | -52,384 | ceo & chair of the board |
2023-05-22 | Prince Matthew | acquired | - | - | 52,384 | ceo & chair of the board |
2023-05-19 | Zatlyn Michelle | acquired | - | - | 12,820 | president and coo |
2023-05-19 | Zatlyn Michelle | sold | -754,155 | 58.8264 | -12,820 | president and coo |
2023-05-18 | SEIFERT THOMAS J | sold | -969,214 | 57.3499 | -16,900 | chief financial officer |
2023-05-18 | Zatlyn Michelle | sold | -699,409 | 54.5561 | -12,820 | president and coo |
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; 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.
NET Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Income Statement [Abstract] | ||
| Revenue | $ 290,175 | $ 212,167 |
| Cost of revenue | 70,432 | 47,051 |
| Gross profit | 219,743 | 165,116 |
| Operating expenses: | ||
| Sales and marketing | 137,001 | 100,057 |
| Research and development | 81,539 | 67,054 |
| General and administrative | 48,475 | 38,029 |
| Total operating expenses | 267,015 | 205,140 |
| Loss from operations | (47,272) | (40,024) |
| Non-operating income (expense): | ||
| Interest income | 13,487 | 1,061 |
| Interest expense | (2,126) | (1,557) |
| Other income (expense), net | (857) | (487) |
| Total non-operating income (expense), net | 10,504 | (983) |
| Loss before income taxes | (36,768) | (41,007) |
| Provision for income taxes | 1,314 | 374 |
| Net loss | $ (38,082) | $ (41,381) |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | $ (0.12) | $ (0.13) |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | $ (0.12) | $ (0.13) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) | 330,389 | 323,334 |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares) | 330,389 | 323,334 |
NET Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 256,363 | $ 204,178 |
| Available-for-sale securities | 1,459,229 | 1,445,759 |
| Accounts receivable, net | 179,749 | 148,544 |
| Contract assets | 8,023 | 8,292 |
| Restricted cash short-term | 10,505 | 10,555 |
| Prepaid expenses and other current assets | 40,531 | 70,556 |
| Total current assets | 1,954,400 | 1,887,884 |
| Property and equipment, net | 298,188 | 286,600 |
| Goodwill | 148,047 | 148,047 |
| Acquired intangible assets, net | 27,596 | 32,483 |
| Operating lease right-of-use assets | 130,908 | 132,360 |
| Deferred contract acquisition costs, noncurrent | 98,427 | 93,145 |
| Restricted cash | 1,564 | 471 |
| Other noncurrent assets | 8,434 | 6,918 |
| Total assets | 2,667,564 | 2,587,908 |
| Current liabilities: | ||
| Accounts payable | 54,563 | 35,607 |
| Accrued expenses and other current liabilities | 69,374 | 66,425 |
| Accrued compensation | 45,669 | 42,014 |
| Operating lease liabilities | 34,796 | 33,275 |
| Liability for early exercise of unvested stock options | 1,308 | 1,902 |
| Deferred revenue | 238,795 | 218,647 |
| Total current liabilities | 444,505 | 397,870 |
| Convertible senior notes, net | 1,437,355 | 1,436,192 |
| Operating lease liabilities, noncurrent | 108,804 | 107,624 |
| Deferred revenue, noncurrent | 13,465 | 11,732 |
| Other noncurrent liabilities | 10,849 | 10,526 |
| Total liabilities | 2,014,978 | 1,963,944 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Equity | ||
| Additional paid-in capital | 1,536,367 | 1,475,423 |
| Accumulated deficit | (877,973) | (839,891) |
| Accumulated other comprehensive loss | (6,138) | (11,896) |
| Total stockholders’ equity | 652,586 | 623,964 |
| Total liabilities and stockholders’ equity | 2,667,564 | 2,587,908 |
| Class A common stock | ||
| Stockholders’ Equity | ||
| Common stock, value, issued | 289 | 286 |
| Class B common stock | ||
| Stockholders’ Equity | ||
| Common stock, value, issued | $ 41 | $ 42 |