Software stocks traded lower on Friday amid mounting investor concerns about how rapidly advancing artificial intelligence (AI) could reshape the sector's long-term earnings outlook, extending a broader AI-driven slump. The latest pressure followed renewed attention on updates from AI company Anthropic, including reports that it has developed a highly capable frontier model described as too advanced for public release.
Cloudflare (NYSE:NET) is down 11% today, and financial headlines are pointing fingers at insider selling.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cloudflare (NET) closed the most recent trading day at $216.29, moving +2.13% from the previous trading session.
Cloudflare has moved up its target date for full post-quantum security and now plans to achieve it by 2029, the company said in a Tuesday (April 7) blog post.
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 (NET) reached $194.63 at the closing of the latest trading day, reflecting a -4.13% change compared to its last close.
CRWV vs. NET: AI cloud demand is booming, but differences in growth, risk, valuation and margins are shaping which stock may offer better upside.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The latest trading day saw Cloudflare (NET) settling at $220.65, representing a +2.43% change from its previous close.
Cloudflare remains my top cybersecurity pick, outperforming peers and the S&P 500, driven by robust fundamentals and heightened geopolitical risk. NET's accelerating revenue (34% YoY), expanding backlog (48%), and superior net retention (120%) highlight its competitive edge versus Zscaler and sector peers. I reiterate my 'buy' rating, targeting $300+ per share, justified by NET's expected EPS growth at 3.5x the S&P 500 and premium valuation.
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.