Cloudflare shares plummeted after-hours Thursday as the company announced it is cutting over one-fifth of its workforce. The company's first-quarter earnings beat analysts' expectations.
The cuts are a response to artificial intelligence triggering a “paradigm shift” in the software industry, said Chief Executive Matthew Prince.
NET gears up for Q1 earnings with strong AI, enterprise demand tailwinds - but macro pressures and deal delays can weigh on results.
Cloudflare (NYSE:NET | NET Price Prediction) currently trades around $207.07, while the average Wall Street price target sits at $231.85, implying roughly 12% upside.
Cloudflare (NET) reached $204.97 at the closing of the latest trading day, reflecting a -3.3% change compared to its last close.
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.
Cloudflare's 2025 revenue grew 30%, driven by rapid customer expansion, especially from its Developer Platform, though ARPU declined due to lower-spending developer customers. The company's P/S multiple is recalibrated to 16.0x based on subindustry growth trends, factoring in a 5-year forward revenue CAGR of 29.5% and ongoing share dilution. Key risks include competition from cloud hyperscalers, but long-term upsell opportunities exist as developer customers scale and potentially increase spending.
Cloudflare (NET) closed at $207.07 in the latest trading session, marking a +1.01% move from the prior day.
In the latest trading session, Cloudflare (NET) closed at $205, marking a -1.23% move from the previous day.
NET Power remains a high-risk, development-stage company with $379 million in cash. NPWR's stock reflects market skepticism. But partnerships with Baker Hughes and Occidental Petroleum offer some validation. The investment thesis is akin to a lottery ticket. There is potential for outsized returns if successful. But there remains a high probability of total loss.
In the latest trading session, Cloudflare (NET) closed at $200.91, marking a +1.79% move from the previous day.
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.