Piper Sandler analyst James Fish maintained a Hold rating on Cloudflare (NET – Research Report) today and set a price target of $110.00. The company’s shares closed yesterday at $90.31.
According to TipRanks, Fish is a 5-star analyst with an average return of 12.0% and a 61.02% success rate. Fish covers the Technology sector, focusing on stocks such as Five9, F5 Networks, and Nutanix.
In addition to Piper Sandler, Cloudflare also received a Hold from Citi’s Fatima Boolani in a report issued today. However, on the same day, KeyBanc reiterated a Buy rating on Cloudflare (NYSE: NET).
See the top stocks recommended by analysts >>
Based on Cloudflare’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $308.49 million and a GAAP net loss of $94.47 million. In comparison, last year the company earned a revenue of $234.52 million and had a GAAP net loss of $63.54 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NET:
