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Cloudflare (NET)

(Real Time Quote from BATS)

$88.80 USD

88.80
528,135

+2.04 (2.35%)

Updated Apr 26, 2024 11:14 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value A Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 25% (62 out of 252)

Industry: Internet - Software

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Better trading starts here.

Balance Sheet

Research for NET

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Cloudflare, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,676 1,660 1,825 1,035 637
Receivables 248 149 96 64 34
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 59 79 36 32 19
Total Current Assets 1,983 1,888 1,956 1,130 690
Net Property & Equipment 323 287 184 124 101
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 133 93 70 44 25
Intangibles 168 181 25 20 4
Deposits & Other Assets 14 7 7 20 10
Total Assets 2,760 2,588 2,372 1,381 831
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 12 0 0
Accounts Payable 54 36 26 14 11
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 127 108 104 46 28
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 348 221 121 64 44
Total Current Liabilities 567 398 289 141 84
Mortgages 0 0 0 0 0
Deferred Taxes/Income 17 12 5 2 1
Convertible Debt 1,283 1,436 1,147 383 0
Long-Term Debt 0 0 0 0 11
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 16 11 12 10 10
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,997 1,964 1,561 564 105
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,785 1,475 1,495 1,237 1,027
Retained Earnings -1,024 -840 -681 -421 -302
Other Equity 2 -12 -3 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 763 624 811 817 726
Total Liabilities & Shareholder's Equity 2,760 2,588 2,372 1,381 831
Total Common Equity 763 624 811 817 726
Shares Outstanding 337.50 330.00 323.60 308.60 300.10
Book Value Per Share 2.26 1.89 2.51 2.65 2.42

Fiscal Year End for Cloudflare, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,676 1,576 1,587 1,726
Receivables NA 248 199 178 180
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 59 83 53 49
Total Current Assets NA 1,983 1,858 1,818 1,954
Net Property & Equipment NA 323 310 293 298
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 133 115 107 98
Intangibles NA 168 166 171 176
Deposits & Other Assets NA 14 15 14 10
Total Assets NA 2,760 2,590 2,533 2,668
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 35 0
Accounts Payable NA 54 41 32 55
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 127 108 101 115
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 348 294 269 240
Total Current Liabilities NA 567 478 473 445
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 17 17 19 13
Convertible Debt NA 1,283 1,282 1,281 1,437
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 11 11 11
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,997 1,891 1,891 2,015
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,785 1,699 1,620 1,536
Retained Earnings NA -1,024 -996 -972 -878
Other Equity NA 2 -4 -6 -6
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 763 699 642 653
Total Liabilities & Shareholder's Equity NA 2,760 2,590 2,533 2,668
Total Common Equity 0 763 699 642 653
Shares Outstanding 337.60 337.50 335.70 334.20 331.90
Book Value Per Share 0.00 2.26 2.08 1.92 1.97