Cloudflare (NET) Stock Sinks As Market Gains: Here's Why [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
The stock's performance was behind the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%. Prior to today's trading, shares of the web security and content delivery company had lost 11.3% over the past month. This has lagged the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01% in that time. Market participants will be closely following the financial results of Cloudflare in its upcoming release. The company plans to announce its earnings on May 2, 2024. The company is expected to report EPS of $0.13, up 62.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $372.93 million, showing a 28.52% escalation compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.58 per share and revenue of $1.65 billion, which would represent changes of +18.37% and +27.2%, respe
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News
- Cloudflare, Inc. (NYSE: NET) had its price target lowered by analysts at UBS Group AG from $88.00 to $76.00. They now have a "sell" rating on the stock.MarketBeat
- Cloudflare, Inc. (NYSE: NET) had its price target lowered by analysts at KeyCorp from $132.00 to $94.00. They now have an "overweight" rating on the stock.MarketBeat
- Cloudflare, Inc. (NYSE: NET) had its price target lowered by analysts at Wells Fargo & Company from $125.00 to $105.00. They now have an "overweight" rating on the stock.MarketBeat
- Cloudflare, Inc. (NYSE: NET) had its price target lowered by analysts at JPMorgan Chase & Co. from $90.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
- Cloudflare, Inc. (NYSE: NET) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $135.00 price target on the stock.MarketBeat
NET
Earnings
- 5/2/24 - Beat
NET
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- NET's page on the SEC website