Cloudflare Inc
NYSE:NET
Intrinsic Value
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. [ Read More ]
The intrinsic value of one NET stock under the Base Case scenario is 18.48 USD. Compared to the current market price of 96.83 USD, Cloudflare Inc is Overvalued by 81%.
Valuation Backtest
Cloudflare Inc
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Fundamental Analysis
Solid Q4 Performance & Optimistic 2024 Outlook
2023-Q4 Earnings Call
In Q4, gross margins improved to 78.9%, up from the previous quarter and year-over-year. Operating income more than doubled to $39.8 million, while net income reached $53.5 million. The company ended with $1.7 billion in cash, and a robust 37% year-over-year increase in Remaining Performance Obligations (RPO) was noted. For Q1 2024, revenue is projected to grow 28-29% to $372.5-$373.5 million. The full-year revenue forecast is set at $1.648-$1.652 billion, a 27% increase, with operating income between $154-$158 million, net income per share at $0.58-$0.59, and free cash flow in line with operating profit.
Balance Sheet Decomposition
Cloudflare Inc
Current Assets | 2B |
Cash & Short-Term Investments | 1.7B |
Receivables | 259.3m |
Other Current Assets | 50m |
Non-Current Assets | 776.7m |
PP&E | 461.4m |
Intangibles | 167.6m |
Other Non-Current Assets | 147.7m |
Current Liabilities | 567.1m |
Accounts Payable | 53.7m |
Accrued Liabilities | 165.7m |
Other Current Liabilities | 347.6m |
Non-Current Liabilities | 1.4B |
Long-Term Debt | 1.3B |
Other Non-Current Liabilities | 146.3m |
Earnings Waterfall
Cloudflare Inc
Revenue
|
1.3B
USD
|
Cost of Revenue
|
-307m
USD
|
Gross Profit
|
989.7m
USD
|
Operating Expenses
|
-1.2B
USD
|
Operating Income
|
-185.5m
USD
|
Other Expenses
|
1.5m
USD
|
Net Income
|
-183.9m
USD
|
Free Cash Flow Analysis
Cloudflare Inc
What is Free Cash Flow?
NET Profitability Score
Profitability Due Diligence
Cloudflare Inc's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
Score
Cloudflare Inc's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
NET Solvency Score
Solvency Due Diligence
Cloudflare Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.
Score
Cloudflare Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NET Price Targets Summary
Cloudflare Inc
According to Wall Street analysts, the average 1-year price target for NET is 103.77 USD with a low forecast of 52.52 USD and a high forecast of 141.75 USD.
Ownership
NET Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
NET Price
Cloudflare Inc
Average Annual Return | 83.96% |
Standard Deviation of Annual Returns | 178.13% |
Max Drawdown | -83% |
Market Capitalization | 32.7B USD |
Shares Outstanding | 337 660 000 |
Percentage of Shares Shorted | 4.43% |
NET News
Last Important Events
Cloudflare Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Cloudflare Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. The company is headquartered in San Francisco, California and currently employs 3,063 full-time employees. The company went IPO on 2019-09-13. The firm's network serves as a scalable, unified control plane to deliver security, performance, and reliability across on-premise, hybrid, cloud, and software-as-a-service (SaaS) applications. The firm's integrated suite of products consists of solutions for an organization's external-facing infrastructure, such as Websites, applications, and application programming interfaces (APIs) to deliver security, performance, and reliability; solutions to serve an organization's internal resources, such as Internal networks and devices; developer-based solutions, and consumer offerings. Its security products include Cloud Firewall, Bot Management, Unmetered Mitigation, Cloudflare Orbit, SSL for SaaS, Dedicated & Custom Certs and others. Its performance products include Content Delivery, Intelligent Routing, Content Optimization and others.
Contact
IPO
Employees
Officers
The intrinsic value of one NET stock under the Base Case scenario is 18.48 USD.
Compared to the current market price of 96.83 USD, Cloudflare Inc is Overvalued by 81%.