Investors Heavily Search Cloudflare, Inc. (NET): Here is What You Need to Know
Cloudflare (NET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
3 Top Tech Stocks That Could Make You a Millionaire
SoundHound AI, SentinelOne, and Cloudflare are all potential multibaggers.
Artificial Intelligence (AI) Could Become a Game Changer for This Company. Should You Buy Its Stock Right Now?
Artificial Intelligence (AI) Could Become a Game Changer for This Company. Should You Buy Its Stock Right Now?
Cloudflare Stock Rises 22% in 6 Months: What Should Investors Do?
NET is leading the security space with its AI-enhanced products.
Here's Why Cloudflare (NET) is a Strong Momentum Stock
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Cloudflare (NET) is a Top-Ranked Growth Stock: Should You Buy?
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Cloudflare's Golden Cross, AI Innovation Signal Next Growth Phase
Cloudflare Inc. NET just flashed a Golden Cross—a classic bullish signal that has technical traders buzzing.
Cloudflare Is a Solid Buy for 2025
Cloudflare's NYSE: NET biggest problem in 2024 is its stock price valuation. Trading well over 100X earnings, the market is pricing in significant growth, implying a 4X gain in earnings, but the concerns will disappear in 2025.
Cloudflare: Not Good Enough
Cloudflare has a strong business potential in AI and network security, with Q3 revenues up nearly 28% and $1.8 billion in cash. Despite a great quarter, Cloudflare's Q4 revenue guidance of $451-$452 million fell short of the $456 million consensus. The company is reworking its sales force, with some larger U.S. deals slipping out of Q3 but remaining active in the pipeline.
Here is What to Know Beyond Why Cloudflare, Inc. (NET) is a Trending Stock
Zacks.com users have recently been watching Cloudflare (NET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Is Cloudflare A Good Buy After Q3 Results?
Cloudflare's Q3 results showed decent top- and bottom-line beats but were marred by slowing revenue growth and conservative Q4 guidance. Cloudflare is deepening its impetus with large enterprise clients. The pool of funds contract structure typically associated with these clients could cause revenue volatility. Gross margins were stable, the revamped go-to market strategy appears to be delivering results, and cash generation was impressive considering the heightened degree of network CAPEX commitments.
Cloudflare Q3: Another Beat And Raise Gets It Closer To Its $5 Billion Revenue Target
I have raised my price target for Cloudflare to $120/share, representing an upside of 33% given its continued momentum in $100K+ ARR customers and growing operating leverage. Its Q3 FY24 earnings showed 28% YoY revenue growth and 49% YoY non-GAAP income growth, as the company doubled down on its product innovation roadmap and sales capacity. Despite a decline in Net Dollar Retention to 110%, Cloudflare's strategic investments in CapEx and sales capacity should help it capture $5.6B whitespace and increase $1M+ ARR customers.
