Cloudflare
About: Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
Employees: 4,160
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 65
3% more funds holding
Funds holding: 636 [Q2] → 656 (+20) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 236 | Existing positions reduced: 226
10.05% less ownership
Funds ownership: 93.67% [Q2] → 83.61% (-10.05%) [Q3]
12% less capital invested
Capital invested by funds: $23.4B [Q2] → $20.6B (-$2.81B) [Q3]
20% less call options, than puts
Call options by funds: $628M | Put options by funds: $784M
29% less funds holding in top 10
Funds holding in top 10: 14 [Q2] → 10 (-4) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
UBS Roger Boyd 64% 1-year accuracy 7 / 11 met price target | 9%downside $95 | Neutral Maintained | 8 Nov 2024 |
Wells Fargo Andrew Nowinski 78% 1-year accuracy 21 / 27 met price target | 6%upside $110 | Overweight Maintained | 8 Nov 2024 |
Scotiabank Patrick Colville 59% 1-year accuracy 20 / 34 met price target | 17%downside $87 | Sector Perform Maintained | 8 Nov 2024 |
Piper Sandler James Fish 55% 1-year accuracy 12 / 22 met price target | 12%downside $92 | Neutral Maintained | 8 Nov 2024 |
Mizuho Gregg Moskowitz 71% 1-year accuracy 25 / 35 met price target | 1%upside $105 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 23 articles about NET published over the past 30 days