Cloudflare Q1 earnings preview: Focus on demand for security services, deal activity [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
Analysts expect a year-over-year increase in both the top and bottom lines, with earnings per share of $0.13 on revenues of $373.3 million. The cloud and security company is expected to face tough top-line comps for the first-quarter, but a favorable setup for the second-quarter and the rest of the year. Strong demand for the company's security offerings and a large amount of deal activity are anticipated to boost Cloudflare's ( NET ) performance. "Cloudflare's channel sentiment improvement in 1Q'24 indicates a potential positive shift in its channel strategy and a strong pipeline for 2Q24, suggesting sustained growth," noted analysts at investment firm Baird "We see many avenues for growth for the company with their best-in-class technology assets, unique global network, and new use cases around AI," said brokerage firm Truist Securities. Over the last three months, the company's earnings per share estimates have been revised upwards 14 times vs. three downward revisions,
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News
- Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now [Yahoo! Finance]Yahoo! Finance
- Cloudflare, Inc. (NYSE: NET) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $120.00 price target on the stock.MarketBeat
- East Africa sees internet connectivity disruption, Netblocks and Cloudfare says [Reuters]Reuters
- East African Internet Connectivity Impacted by Sub-Sea Cable Cut [BNN Bloomberg (Canada)]BNN Bloomberg
- Cloudflare, Inc. (NYSE: NET) had its price target lowered by analysts at Citigroup Inc. from $95.00 to $90.00. They now have a "neutral" rating on the stock.MarketBeat
NET
Earnings
- 5/2/24 - Beat
NET
Sec Filings
- 5/9/24 - Form 4
- 5/8/24 - Form 4
- 5/6/24 - Form 144
- NET's page on the SEC website