Why Cloudflare Shares Have Tumbled 41% From The Recent 52-Week High [Forbes]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
Check Earnings Report
Company Research
Source: Forbes
Cloudflare (NET) investors might be suffering from a case of whiplash. Recently trading around $68, shares of the cloud platform provider are down 41% from the 52-week high of $116 reached just a few months ago and are off 18% YTD even though the company continues to deliver healthy growth. For a high-valuation name, it comes with the territory. In early February, the stock surged 19.5% in one session and hit the new 52-week high following the release of strong Q4 results. Things were a bit different after the Q1 report in early May, as the stock dropped 16.3% in one session because Cloudflare only maintained its 2024 revenue outlook. The March quarter was actually solid, with total revenue gaining 30% to $378.6 million, topping the consensus estimate by 1.5%. Sales cycles were consistent with Q4, while overall sales rep productivity from existing team members improved year over year and new pipeline attainment exceeded internal expectations. The dollar-based retention rate hel
Show less
Read more
Impact Snapshot
Event Time:
NET
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NET alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NET alerts
High impacting Cloudflare, Inc. Class A news events
Weekly update
A roundup of the hottest topics
NET
News
- Cloudflare Inc Is Being Probed By The Schall Law Firm For Potential Violations Of Securities Laws And Investors With Losses Are Encouraged To Contact The FirmAccesswire
- Cloudflare, Inc. (NYSE: NET) had its "sell" rating re-affirmed by analysts at Guggenheim. They now have a $50.00 price target on the stock.MarketBeat
- Cloudflare, Inc.'s (NYSE:NET) Intrinsic Value Is Potentially 60% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- New Cloudflare Report Shows Organizations Struggle with Outdated Security Approaches, While Online Threats Increase [Yahoo! Finance]Yahoo! Finance
- New Cloudflare Report Shows Organizations Struggle with Outdated Security Approaches, While Online Threats IncreaseBusiness Wire
NET
Earnings
- 5/2/24 - Beat
NET
Sec Filings
- 6/24/24 - Form 4
- 6/21/24 - Form 4
- 6/20/24 - Form 4
- NET's page on the SEC website