How does Cloudflare Inc (NET) stock rank on Wall Street on Friday?
Analysts who track Cloudflare Inc (NET) on average expect it to rise 115.30% over the next twelve months. These same analysts give the stock an average buy rating. This average rating gives Cloudflare Inc an analyst rating of 28, which means it ranks above 28 in stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.
What’s going on with Cloudflare Inc stock today?
Cloudflare Inc (NET) stock is trading at $52.32 at 1:18 p.m. Friday, July 8, a loss of -$0.40, or -0.76% from the previous closing price of 52, $72. The stock has traded between $49.90 and $54.15 so far today. Today the volume is low. So far, 2,760,991 shares have been traded with an average volume of 5,730,443 shares. Click here for the full stock report for Cloudflare Inc. stock.
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