Cloudflare (NYSE:NET) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Cloudflare (NYSE:NET) in a report issued on Tuesday, The Fly reports. The brokerage issued a hold rating and a $18.00 target price on the stock.

Several other brokerages have also commented on NET. Wells Fargo & Co assumed coverage on shares of Cloudflare in a research report on Tuesday. They set an outperform rating and a $22.50 price target for the company. SunTrust Banks assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued a buy rating and a $23.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued a neutral rating and a $20.00 price objective for the company. Oppenheimer assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued an outperform rating and a $23.00 price objective for the company. Finally, JMP Securities assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued an outperform rating and a $22.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cloudflare currently has a consensus rating of Buy and a consensus target price of $20.95.

Shares of NET stock opened at $16.47 on Tuesday. Cloudflare has a one year low of $15.51 and a one year high of $22.08.

Cloudflare Company Profile

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.

Further Reading: Price-Sales Ratio

The Fly

Analyst Recommendations for Cloudflare (NYSE:NET)

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