Q2 Earnings Outperformers: Cloudflare (NYSE:NET) And The Rest Of The Software Development Stocks [Yahoo! Finance]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Yahoo! Finance
As legendary VC investor Marc Andreessen says, "Software is eating the world", and it touches virtually every industry. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. The 11 software development stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was in line. Inflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be debating whether this rate cut's timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has
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News
- Brazil judge makes new requests to allow X to be reinstated from suspension [Yahoo! Finance]Yahoo! Finance
- Cloudflare (NET) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Cloudflare Expands Its Web Portfolio: What Should Investors Do? [Yahoo! Finance]Yahoo! Finance
- Cloudflare Enhances AI Inference Platform with Powerful GPU Upgrade, Faster Inference, Larger Models, Observability, and Upgraded Vector DatabaseBusiness Wire
- Here's How AI Could Help Cloudflare Win New Customers [Yahoo! Finance]Yahoo! Finance
NET
Earnings
- 8/1/24 - Beat
NET
Sec Filings
- 9/19/24 - Form 4
- 9/18/24 - Form 144
- 9/11/24 - Form 4
- NET's page on the SEC website