Why Cloudflare (NET) Stock Is Up Today [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
Horan maintained a Buy rating on the stock with a $110 price target. This is the latest in a string of positive sell-side notes after a strong quarter. For example, a note from Morgan Stanley last week called out an exciting 2025, saying that "a ramping salesforce, new leadership and growing contribution from Workers/Edge AI could drive upside to estimates". Separately, data analytics software provider Snowflake (NYSE:SNOW) reported impressive third-quarter results, which surpassed analysts' revenue, profit, and earnings expectations. The strong quarter is boosting sentiment in the software as a service (SaaS) space. Separately, cybersecurity software platform Palo Alto Networks (NASDAQ:PANW) reported solid third-quarter results, which beat across most of the key operating metrics. Remaining performance obligations (RPO - a leading revenue indicator), annual recurring revenue (ARR), and margins all exceeded Wall Street's estimates. This shows that spending on cybersecurity is heal
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News
- Cloudflare Expands Presence in Mexico Amid Growing Internet Usage and Cybersecurity Threats [Yahoo! Finance]Yahoo! Finance
- Cloudflare Expands Presence in Mexico Amid Growing Internet Usage and Cybersecurity ThreatsBusiness Wire
- Cloudflare Named a Leader in the 2024 IDC MarketScape for Worldwide Edge Delivery ServicesBusiness Wire
- Best internet speed tests of 2024 [USA TODAY]USA TODAY
- At Kubecon, CNCF Ramps Up Its Battle Against Patent Trolls [Forbes]Forbes
NET
Earnings
- 11/7/24 - Beat
NET
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- NET's page on the SEC website