Cloudflare Stock News

Cloudflare's NYSE: NET biggest problem in 2024 is its stock price valuation. Trading well over 100X earnings, the market is pricing in significant growth, implying a 4X gain in earnings, but the concerns will disappear in 2025.

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.

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 deliveri...

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%, Cl...

Cloudflare, Inc. (NET) Q3 2024 Earnings Call Transcript

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.

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its third quarter ended September 30, 2024. "I am pleased with our results for the third quarter—exceeding expectations for revenue, operating margin, and free cash flow while also reaching a key inflection point in the transformation of our go-to-market or...

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 ...