J.P. Morgan analyst Sterling Auty maintained a Hold rating on Cloudflare (NYSE:NET) on Friday, setting a price target of $212, which is approximately 0.09% above the present share price of $211.8.
Auty expects Cloudflare to post earnings per share (EPS) of -$0.34 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Cloudflare, with an average price target of $208.08.
The analysts price targets range from a high of $250 to a low of $117.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $172.35 million and a net profit of -$26.49 million. The company's market cap is $68.15 billion.
According to TipRanks.com, J.P. Morgan analyst Sterling Auty is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 60.25% success rate.
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and 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.