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Cloudflare (NET) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-09-26 23:05
In the latest market close, Cloudflare (NET) reached $82.36, with a -1.26% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.62%, while the techheavy Nasdaq added 0.6%. Heading into today, shares of the web security and content delivery company had gained 4.46% over the past month, outpacing the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% in that time. The investment community will be closely monitoring ...
Cloudflare Named Winner of the 2024 DigiCert Quantum Readiness Award
GlobeNewswire News Room· 2024-09-26 18:30
Lehi, Utah, Sept. 26, 2024 (GLOBE NEWSWIRE) -- DigiCert, a leading global provider of digital trust, today announced the results of the inaugural DigiCert® Quantum Readiness Awards. Cloudflare (NYSE: NET), the leading connectivity cloud company, won the prestigious honor, while Migros, one of the largest retail companies in Switzerland, and DXC Technology, a leading global technology service provider, were selected as finalists by the judges. The awards ceremony took place during DigiCert's World Quantum Re ...
Cloudflare Expands Its Web Portfolio: What Should Investors Do?
ZACKS· 2024-09-26 16:10
Cloudflare (NET) shares have plunged 13.6% in the past six months against the S&P 500 index's return of 9.3%. NET shares have also underperformed both the Zacks Internet Software Industry and the Zacks Computer and Technology Sector's return of 2.8% and 10%, respectively. NET's underperformance can be attributed to investors' concerns about near-term prospects amid the company's decelerating sales growth. Softening IT spending amid ongoing macroeconomic uncertainties is hurting Cloudflare's top-line growth. ...
Here's How AI Could Help Cloudflare Win New Customers
The Motley Fool· 2024-09-26 10:30
Cloudflare is working on a way to help website owners make money from AI bots scraping their content. Cloudflare (NET -2.44%) already has a dominant presence on the internet. Around 18% of all websites have Cloudflare acting as a middleman, speeding up requests and providing protection from malicious traffic. The company provides these basic services for free, with more advanced services available as part of its subscription plans. While Cloudflare already captures an enormous share of global internet traff ...
Cloudflare Expands AI Portfolio: Should You Hold or Fold the Stock?
ZACKS· 2024-09-24 16:21
Cloudflare (NET) shares have gained 6.1% in the past three months, outperforming the Zacks Internet Software Industry's and the S&P 500 index's return of 5.2% and 3.8%, respectively. NET stock has also outperformed the Zacks Computer and Technology Sector's decline of 1.7% in the same time frame. Cloudflare's outperformance in the past three months reflects investors' confidence in the company's artificial intelligence (AI)-enabled portfolio strength, which is driving its financial performance. Cloudflare r ...
CENTENE SUBSIDIARY HEALTH NET SELECTED FOR CALIFORNIA MEDICAID DENTAL AWARD IN LOS ANGELES AND SACRAMENTO COUNTIES
Prnewswire· 2024-09-23 18:00
ST. LOUIS, Sept. 23, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that the California Department of Health Care Services has selected its subsidiary, Health Net Community Solutions (Health Net), to provide managed dental health care services to beneficiaries of Medi-Cal, the State's Medicaid program, in Los Angeles and Sacramento counties. The new 54-month contract is expected to take effect on July 1, ...
Here's Why Cloudflare (NET) Fell More Than Broader Market
ZACKS· 2024-09-20 22:56
The latest trading session saw Cloudflare (NET) ending at $82.45, denoting a -0.46% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%. Prior to today's trading, shares of the web security and content delivery company had gained 2.73% over the past month. This has outpaced the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06% in that time. The inve ...
Cloudflare (NET) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-09-13 22:56
Cloudflare (NET) closed the latest trading day at $78.59, indicating a -0.34% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.65%. The the stock of web security and content delivery company has fallen by 4.02% in the past month, lagging the Computer and Technology sector's gain of 3.3% and the S&P 500's gain of 4.86%. Market participants will be closely following the financial results of Clo ...
Cloudflare's Sales Productivity Growth Is Helping It Win $100K+ ARR Deals Faster
Seeking Alpha· 2024-09-02 05:50
I 1 Sundry Photography Introduction & Investment Thesis I last wrote about Cloudflare (NYSE:NET) in May, where I upgraded my rating from a "hold" to a "buy." My thesis was predicated on my belief that the selloff had created an attractive investment opportunity as the company continued to execute well to gain market share among enterprise customers while expanding its sales capacity to go after larger deals with greater momentum. Since then, the stock has climbed close to 20%, outperforming the S&P 500 by m ...
LUCA REPORTS RECORD NET QUARTERLY REVENUE IN Q2 2024 OF US$18.2 MILLION, UP 49% YEAR-OVER-YEAR
Prnewswire· 2024-08-29 13:00
VANCOUVER, BC, Aug. 29, 2024 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce its financial results for the six months ended June 30, 2024. Highlights Record Net Quarterly Revenue for Q2 2024 of US$18.2 million, up 49% from Q2 2023. Total Net Revenue for the six months ended June 30, 2024, of US$34.5 million, an increase of 33% over the same 2023 period. Positive Net Earnings of US$4.7 million for Q2 2024, an increase of 217% over ...