Piper Sandler analyst James Fish maintained a Hold rating on Cloudflare (NET – Research Report) today and set a price target of $81.00. The company’s shares closed yesterday at $88.97.
According to TipRanks, Fish is a 4-star analyst with an average return of 9.6% and a 56.08% success rate. Fish covers the Technology sector, focusing on stocks such as Five9, Akamai, and HashiCorp.
In addition to Piper Sandler, Cloudflare also received a Hold from Mizuho Securities’s Gregg Moskowitz in a report issued today. However, on the same day, JMP Securities reiterated a Buy rating on Cloudflare (NYSE: NET).
NET market cap is currently $29.73B and has a P/E ratio of -159.32.
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Cloudflare (NET) Company Description:
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and 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 Internet of Things (IoT) devices.
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