CloudflareNET
Market Cap: $26B
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: 3,902
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 208
17% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 14 (+2) [Q2]
3% more call options, than puts
Call options by funds: $699M | Put options by funds: $680M
7.92% less ownership
Funds ownership: 92.55% [Q1] → 84.62% (-7.92%) [Q2]
8% less funds holding
Funds holding: 688 [Q1] → 630 (-58) [Q2]
21% less capital invested
Capital invested by funds: $26.7B [Q1] → $21.1B (-$5.61B) [Q2]
46% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 125
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Susquehanna Aaron Samuels 50% 1-year accuracy 1 / 2 met price target | 12%upside $85 | Neutral Maintained | 5 Aug 2024 |
RBC Capital Matthew Hedberg 51% 1-year accuracy 61 / 119 met price target | 30%upside $99 | Outperform Maintained | 2 Aug 2024 |
Guggenheim John Difucci 52% 1-year accuracy 12 / 23 met price target | 25%downside $57 | Sell Maintained | 2 Aug 2024 |
Baird Shrenik Kothari 45% 1-year accuracy 13 / 29 met price target | 31%upside $100 | Outperform Maintained | 2 Aug 2024 |
Cantor Fitzgerald Yi Fu Lee 38% 1-year accuracy 20 / 53 met price target | 12%upside $85 | Neutral Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 9 articles about NET published over the past 30 days