Cloudflare soars after beating on revenue and raising annual forecast [MSNBC.com]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
Check Earnings Report
Company Research
Source: MSNBC.com
CloudflareannouncedRevenue climbed 54% from a year earlier to $234.5 million, maintaining its growth rate fromthree months earlierThe company said it added a record number of customers paying over $100,000 per year, and management bumped up its forecast for 2022, calling for about 48% growth."In Q1, our pipeline generation slowed, sales cycles extended, and customers took longer to pay their bills," Cloudflare CEO Matthew Prince told analysts on the earnings call. "We watched those metrics closely throughout Q2 and saw them all at least stabilized. They're not where we throw a parade yet, but the metrics are trending in the right direction."The results led several analysts to lift their price targets on the stock. RBC analysts boosted their target and wrote in a note to clients that while no company is recession-proof, Cloudflare is better equipped than others to withstand economic pressure.Cloudflare is one of several cloud software companies showing some increased appeal to investor
Show less
Read more
Impact Snapshot
Event Time:
NET
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NET alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NET alerts
High impacting Cloudflare, Inc. Class A news events
Weekly update
A roundup of the hottest topics
NET
News
- Cloudflare (NET) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Cloudflare retains Outperform rating ahead of earnings report: Baird [Seeking Alpha]Seeking Alpha
- Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs [Yahoo! Finance]Yahoo! Finance
- Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs [TechCrunch]TechCrunch
- Cloudflare: Too Much Optimism [Seeking Alpha]Seeking Alpha
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