Cloudflare (NET 3.64%) stock is seeing another day of impressive gains in Monday's trading. The cybersecurity and web services company's share price was up 3.8% as of 2:45 p.m.
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.
After the closing bell Thursday, Cloudflare (NET 17.76%) reported strong fourth-quarter earnings results that carried its share price above $150 for the first time since 2021. But Morgan Stanley analyst Hamza Fodderwala has outlined a bull-case scenario for the stock to advance by another 16% to $175 per share by year's end, and he may revise his forecast higher in light of its strong performance in the recent quarter.
Matthew Prince, Cloudflare CEO, joins 'Closing Bell Overtime' to talk Q4 earnings, the state of AI, and more.
Cloudflare (NET 19.21%) stock is soaring in Friday's trading. The company's share price was up 19.5% as of 2:40 p.m.
Cloudflare stock has soared despite guiding down Q1 estimates, irrationally pricing in years of growth. The company reported strong financials with a 27% growth in large customers and a 15% operating margin. Cloudflare's market cap is $61 billion, with 2025 revenue guidance at only $2.1 billion.
Wall Street analysts rerated Cloudflare, Inc NET after the company released its fourth-quarterly print Thursday.
NET's fourth-quarter 2024 results reflect sustained momentum in the onboarding of large new enterprises and remarkable progress in the public sector.
Here's our initial take on Cloudflare's (NET 16.19%) fourth-quarter financial report.
Shares in the cybersecurity companies were rising Friday after both reported an earnings beat.
Cloudflare, Inc. (NYSE:NET ) Q4 2024 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer Thomas Seifert - Chief Financial Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Matt Hedberg - RBC Adam Borg - Stifel Jonathan Ho - William Blair Fatima Boolani - Citi Gabriela Borges - Goldman Sachs Trevor Walsh - Citizens JMP Andrew Nowinski - Wells Fargo Operator Good day, everyone, and welcome to the Cloudflare Q4 2024 Earnings Call. This conference is being recorded.
Cloudflare (NET) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.15 per share a year ago.