Equities Analysts Offer Predictions for Cloudflare Inc’s Q3 2019 Earnings (NYSE:NET)

Cloudflare Inc (NYSE:NET) – Equities research analysts at SunTrust Banks issued their Q3 2019 earnings per share estimates for shares of Cloudflare in a research report issued to clients and investors on Tuesday, October 8th. SunTrust Banks analyst J. Fishbein forecasts that the company will earn ($0.06) per share for the quarter. SunTrust Banks has a “Buy” rating and a $23.00 price objective on the stock. SunTrust Banks also issued estimates for Cloudflare’s Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.34) EPS, Q1 2020 earnings at ($0.04) EPS, Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.04) EPS, FY2020 earnings at ($0.16) EPS and FY2021 earnings at ($0.14) EPS.

Several other equities research analysts have also recently commented on NET. Morgan Stanley assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued an “equal weight” rating and a $18.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Cloudflare in a research report on Tuesday. They issued an “outperform” rating and a $20.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Cloudflare in a research report on Tuesday. They set a “neutral” rating and a $20.00 price target for the company. JMP Securities initiated coverage on shares of Cloudflare in a research report on Tuesday. They set an “outperform” rating and a $22.00 price target for the company. Finally, Evercore ISI initiated coverage on shares of Cloudflare in a research report on Tuesday. They set an “outperform” rating and a $22.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.95.

NYSE:NET opened at $16.47 on Thursday. Cloudflare has a 12 month low of $15.51 and a 12 month high of $22.08.

About Cloudflare

CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.

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Earnings History and Estimates for Cloudflare (NYSE:NET)

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