Cloudflare: Impressive Quarter Rewarded With Recent Stock Pop [Seeking Alpha]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Seeking Alpha
Sundry PhotographyCloudflare (NYSE:NETbreakeven. As I discuss later on, investors may start to poke more at the company's profitability metrics, especially as we potentially enter into a recession.In addition, management provided Q3 guidance that was above expectations and raised the full-year guidance metrics, despite acknowledging the macro environment becoming more challenged. Investors quickly applauded the stock, sending shares up almost 30% since they reported earnings.Even after this post-earnings pop, the stock remains down almost 50% year to date, as investors have largely rotated out of high-valuation technology stocks that fail to produce profitability. As fears around a potential recession continue to rise, as well as higher interest rates, high-valuation stocks are not currently in favor. While this may take a few quarters to reverse, I believe long-term investors will be rewarded.Yes, the stock's valuation currently stands at 25x forward revenue and while this is certain
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NET
News
- Cloudflare: Too Much Optimism [Seeking Alpha]Seeking Alpha
- Cloudflare (NET) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Web Application Firewall Market to Grow at CAGR of 16.7% through 2033; Increased Security Breaches & Popularity of WAF Solutions to Bolster Growth [Yahoo! Finance]Yahoo! Finance
- A Mansion, Two Dogs and a Wall: Inside The Conflict Between a Utah Billionaire And His Neighbors [BNN Bloomberg (Canada)]BNN Bloomberg
- Bluehost vs. HostGator: Differences, pros and cons in 2024 [USA TODAY]USA TODAY
NET
Earnings
- 2/8/24 - Beat
NET
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- NET's page on the SEC website