Cloudflare (NYSE:NET) Now Covered by Analysts at SunTrust Banks

SunTrust Banks assumed coverage on shares of Cloudflare (NYSE:NET) in a report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $23.00 price target on the stock. SunTrust Banks also issued estimates for Cloudflare’s Q3 2019 earnings at ($0.06) EPS, 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.

Separately, Oppenheimer assumed coverage on Cloudflare in a research report on Tuesday. They issued an outperform rating and a $23.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.95.

Shares of NYSE NET opened at $16.47 on Tuesday. Cloudflare has a 52 week low of $15.51 and a 52 week 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.

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Analyst Recommendations for Cloudflare (NYSE:NET)

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