Cloudflare Stock Has 48% Upside, According to 1 Wall Street Analyst [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
Despite reporting "beats" on both the top and bottom lines of its Q1 earnings report last week, shares of the cybersecurity specialist sold off by 16% -- and haven't recovered yet. But maybe they will. And maybe they'll do even better than that. According to Oppenheimer analyst Shaul Eyal, Cloudflare stock -- which costs just over $74 today -- could rocket more than 48% to $110 per share within a year. So no wonder he rates the stock outperform (i.e., buy). Is Cloudflare a buy? Eyal may be right. The stock's sell-off notwithstanding, Cloudflare's report last week looked pretty great all around. Both profits and sales topped expectations for Q1, with revenue increasing a solid 30% year over year, adjusted earnings rising 100%, and free cash flow growing 156% . Cloudflare management also guided investors to expect more sales and profits than analysts have been predicting for the second quarter. Furthermore, management climbed out on a limb and said the company will beat expectat
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News
- IMPORTANT SHAREHOLDER INVESTIGATION: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- 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
NET
Earnings
- 5/2/24 - Beat
NET
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- NET's page on the SEC website