Cloudflare Inc. (NET)
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.
Cloudflare CEO Matthew Prince talks earnings and impact of Trump presidency on cyber security
Matthew Prince, Cloudflare CEO, joins 'Closing Bell Overtime' to talk quarterly results.
Can Cloudflare's Q3 Earnings & Revenue Beat Push the Stock Upward?
NET's third-quarter results reflect solid performances across its segments, driven by the growing need for stronger security and zero-trust approach.
Cloudflare (NET) Q3 Earnings and Revenues Beat Estimates
Cloudflare (NET) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.16 per share a year ago.
Cloudflare's Q4 revenue forecast falls short as cybersec competition intensifies
Cloudflare forecast fourth-quarter revenue below estimates on Thursday, hurt by intense competition in the cybersecurity market while businesses cut back on spending in an uncertain economy.
Cloudflare's Secure Network Can Be Its Golden Ticket For Growth (Earnings Preview)
Cloudflare, Inc.'s Q3 '24 earnings forecast is $424mm in revenue and $0.18/share EPS, with analysts upgrading EPS forecasts twice in the last 90 days. Strong growth in Cloudflare's secure network and edge privacy features for AI inferencing may support growth as more enterprises turn to AI for productivity gains. Cloudflare's Q2 '24 saw 30% revenue growth, driven by large new customer accounts and an aggressive go-to-market strategy, improving operating margins.
Cloudflare Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?
NET's Q3 2024 results are likely to reflect benefits from an expanding clientele supported by its technological innovations despite macroeconomic headwinds.
Cloudflare (NET) Beats Stock Market Upswing: What Investors Need to Know
Cloudflare (NET) closed at $89.52 in the latest trading session, marking a +1.8% move from the prior day.
Is Trending Stock Cloudflare, Inc. (NET) a Buy Now?
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.
