Cloudflare (NET) Stock Price

Financial Performance

Cloudflare's revenue in the last quarter was $459.9M, a growth of 6.9% from the previous quarter and an increase of 21.5% YoY. The gross profit stood at $351.3M, up by 5.1% QoQ and by 19.7% YoY, indicating strong profitability despite increasing costs and competition in the industry. However, their operating income was -$34.7M, down by -12.7% from the previous quarter suggesting they are spending more on operations than they earn.

Stock Price

The stock is currently trading at $106.25 with a negative monthly return of -8.5%. The RSI value stands at 42.9 which suggests that it is neither overbought nor oversold while its PE ratio is significantly high at -461.96 indicating investors are willing to pay a high price for future earnings growth expectations.

Alternative Data Signals

Cloudflare's web traffic has increased by approximately 11% MoM but decreased by -56.% YoY which may indicate fluctuating interest levels among consumers or changes in marketing efforts.The company's mobile apps have seen a significant increase in downloads (3218% MoM and 3906.% YoY) which could be indicative of growing popularity or successful promotional campaigns.Cloudflare's employment opportunities have grown both MoM (9%) and YoY (38%), suggesting business expansion.Social media followers across all platforms have also shown considerable growth over the past three months.

Conclusion

In conclusion, Cloudflare has demonstrated solid financial performance with steady revenue and gross profit growth.However, their negative operating income and high PE ratio could be areas of concern. The alternative data signals show mixed results with significant growth in app downloads and social media followers but a decrease in web traffic YoY. Therefore, the overall stock analysis is neutral.

Note: This AI Stock Analysis is based on data as of April 13. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Cloudflare (NET), currently trading at $112.8, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.