In the most recent trading session, Cloudflare (NET) closed at $112.58, indicating a +0.9% shift from the previous trading day.
In the closing of the recent trading day, Cloudflare (NET) stood at $111.58, denoting a -0.99% change from the preceding trading day.
NET Power's near zero-emission natural gas technology offers reliable electricity generation without the need for battery storage, positioning it as a key player in meeting rising electricity demand. The company's technology captures 97% of CO2 emissions, providing a cost-effective and faster-to-deploy alternative to nuclear power for low-carbon electricity generation. Strong partnerships with Baker Hughes and Occidental Petroleum, along with a robust balance sheet, support Net Power's commercialization efforts and long-term growth potential.
Recently, Zacks.com users have been paying close attention to Cloudflare (NET). This makes it worthwhile to examine what the stock has in store.
Jim Tierney at AllianceBernstein recently told Yahoo Finance that chipmakers like Nvidia were the first phase of the artificial intelligence (AI) trade. He believes the next phase will focus on cloud computing and software companies that use AI chips to provide services to their customers.
Forecasting 25% annual revenue growth, Cloudflare is expected to reach $5.07 billion in revenue by 2029, with a 25% EBITDA margin, aligning with mature peers in cloud security. An estimated $101.4 billion enterprise value by 2029 implies a 21.1% CAGR, but rich multiples, volatility, and execution risks necessitate caution, especially for conservative investors. With a robust market position and capable management, Cloudflare is a Moderate Buy, better suited for a growth-focused portfolio due to valuation-driven volatility risks.
Though NET's strong market position and growing customer base are encouraging, high valuation and slowing growth rates warrant caution.
While AI demand continues to strengthen across industries — worrying Wall Street over whether chipmakers and operators can meet this demand — Cloudflare (NET) Chief Technology Officer John Graham-Cumming finds that "what we're seeing is the real growth of actual AI applications." Graham-Cumming sits down with Seana Smith and Madison Mills on Yahoo Finance's Catalysts for a conversation about the broader AI landscape, including the heightened demand for Nvidia's (NVDA) landmark chips going into 2025.
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.
Cloudflare's technology has never been in doubt. But Cloudflare stock struggled with its go-to-market strategy.
Morgan Stanley analyst Keith Weiss noted that cybersecurity remains a top spending priority for organizations globally.
Cloudflare, Inc NET stock is up after Morgan Stanley analyst Keith Weiss upgraded it from Equal-Weight to Overweight and raised its price target from $92 to $130.