Cloudflare Inc (NYSE:NET) stock is up 5.9% before the bell, after BofA Global Research issued a rare double upgrade to "buy" from "underperform.
The latest trading day saw Cloudflare (NET) settling at $119.22, representing a +1.09% change from its previous close.
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.
Cloudflare brings post-quantum cryptography to its Zero Trust Network Access solution.
On Thursday, Goldman Sachs analyst Gabriela Borges maintained a Buy rating on Cloudflare Inc NET and lowered the price target to $161 from $183.
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.
NET Power is poised to benefit from rising energy demand and renewable energy, with its Net Power Cycle capturing nearly all emissions from natural gas. NPWR's asset-light model, backed by major energy conglomerates, offers high margins and immense revenue potential, with shares currently near a 52-week low. Financially solid with no debt, NPWR's growth plan includes expanding through the US, leveraging tax credits, and targeting a $76 billion market cap by 2030.
I recognize that Cloudflare's valuation is high, but its strong growth potential keeps me interested. I believe its expanding free cash flow margins could make it an institutional favorite over time. I acknowledge the risks from competitors and IT budget constraints, but I see Cloudflare continuing to gain traction.
Cloudflare (NET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
While NET is poised to benefit from continued strength in AI, security and cloud networking, the stock's high valuation warrants a cautious approach.
Cloudflare (NET -4.87%) stock saw a significant sell-off in Wednesday's trading. The cybersecurity and web services company's share price closed out the daily session down 4.9% and had been off as much as 5.3% earlier in trading.
Cloudflare's competitive advantage lies in its extensive ISP partnerships, enabling lower pricing and broad adoption, ranking it second only to Akamai in the CDN market. The CDN market is projected to grow at a CAGR of 17.9%, driven by increasing cybersecurity concerns, higher Internet bandwidth, and growing demand for video streaming. Cloudflare's market share is expanding due to its affordable pricing and free tier offerings, making it attractive to a large number of smaller websites to adopt.