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Pomerantz Law Firm Announces the Filing of a Class Action Against NET Power Inc. and Certain Officers - NPWR
Prnewswire· 2025-05-20 13:00
Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 9, 2023, to March 7, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1][7]. Company Overview - NET Power Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [3]. - The company operates a demonstration facility in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, referred to as "Project Permian," located in the Permian Basin of West Texas [4]. Project Permian Details - Defendants had previously indicated that Project Permian would be operational by 2026, with initial cost estimates of approximately $950 million, which later increased to $1.1 billion in 2024 [5][6]. - The completion of Project Permian is critical for the company's commercial operations and financial outlook, making the accuracy of timelines and cost estimates vital for investors [6]. Allegations in the Lawsuit - The lawsuit claims that throughout the Class Period, Defendants made materially false and misleading statements about the company's operations and prospects, including the likelihood of completing Project Permian on schedule and the actual costs involved [7]. - Specific allegations include unrealistic projections regarding the timeline and capital needed for Project Permian, which were impacted by supply chain issues and site-specific challenges [7]. Stock Price Reactions - Following a press release on November 14, 2023, announcing delays in Project Permian's timeline to between the second half of 2027 and the first half of 2028, NET Power's stock fell by $2.47 per share, or 18.54%, closing at $10.85 [8][9]. - On March 10, 2025, the company disclosed that Project Permian's total installed cost is now estimated to be between $1.7 billion and $2.0 billion, leading to a further stock price drop of $2.18 per share, or 31.46%, closing at $4.75 [9][10]. - Following the announcement of executive departures on April 15, 2025, the stock fell by $0.13 per share, or 5.75%, closing at $2.13 [11].
Levi & Korsinsky Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 - NPWR
Prnewswire· 2025-05-20 09:45
Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. for alleged securities fraud affecting investors between June 9, 2023, and March 7, 2025 [1] Group 1: Allegations and Impact - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2] - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2] - Public statements made by the defendants were materially false and misleading throughout the relevant period [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Levi & Korsinsky Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 – NPWR
GlobeNewswire News Room· 2025-05-19 17:30
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/net-power-inc-lawsui ...
Pomerantz Law Firm Announces the Filing of a Class Action Against NET Power Inc. and Certain Officers – NPWR
GlobeNewswire News Room· 2025-05-18 14:00
Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 9, 2023, to March 7, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1][7]. Company Overview - NET Power Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [4]. - The company operates a Demonstration Plant in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, referred to as "Project Permian," located in the Permian Basin of West Texas [4]. Project Permian Details - Initially, NET Power projected that Project Permian would be operational in 2026, with a cost estimate of approximately $950 million in 2023, which later increased to $1.1 billion in 2024 [5][6]. - The completion of Project Permian is critical for the company's commercial operations and financial outlook, making the accuracy of timelines and cost estimates vital for investors [6]. Allegations in the Lawsuit - The lawsuit claims that throughout the Class Period, NET Power's executives made materially false and misleading statements about the company's operations and prospects, including the likelihood of completing Project Permian on schedule and the accuracy of cost estimates [7]. - Specific allegations include that the project was unlikely to be completed on time and would incur significantly higher costs due to supply chain issues and other challenges [7]. Impact of Recent Announcements - On November 14, 2023, NET Power announced a delay in the initial power generation timeline for Project Permian to between the second half of 2027 and the first half of 2028, causing an 18.54% drop in stock price [8][9]. - On March 10, 2025, the company revised the total installed cost of Project Permian to between $1.7 billion and $2.0 billion, leading to a further 31.46% decline in stock price [10]. - Following the announcement of executive departures on April 15, 2025, the stock price fell by 5.75% [11].
1 Unstoppable Artificial Intelligence (AI) Stock to Buy Before It Soars Even Higher
The Motley Fool· 2025-05-16 07:50
Core Viewpoint - Cloudflare's stock has surged 39% over the past month, driven by strong quarterly results and a growing focus on AI solutions [1][2]. Financial Performance - In Q1 2025, Cloudflare reported revenue of $479 million, a 27% increase year-over-year, surpassing the consensus estimate of $469 million [5]. - The company's remaining performance obligations (RPO) increased by 39% year-over-year, reaching $1.86 billion, indicating a robust revenue pipeline [6]. AI and Market Demand - Cloudflare's Workers AI platform has seen a significant rise in demand, contributing to the growth in its revenue pipeline [7]. - The company offers a cost-effective solution for customers to train and deploy AI applications without the need for expensive hardware, utilizing a pay-as-you-go model [8]. - There was a remarkable 4,000% year-over-year increase in inference requests on Cloudflare's network, highlighting the growing demand for serverless GPUs [9]. Future Growth Potential - Analysts project a 6% increase in Cloudflare's earnings this year to $0.80 per share, with potential for faster growth due to the improving revenue pipeline and market opportunities in serverless GPUs [11][13].
The Gross Law Firm Notifies NET Power, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – NPWR
GlobeNewswire News Room· 2025-05-15 18:01
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information about the company's Project Permian [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from June 9, 2023, to March 7, 2025 [3]. - Allegations include that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [3]. - The complaint asserts that the company's projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact the company's business and financial results [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 17, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of NET Power
GlobeNewswire News Room· 2025-05-14 18:13
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian, which has faced significant delays and cost overruns [3][5]. Group 1: Allegations and Financial Impact - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements and failing to disclose that Project Permian was unlikely to be completed on schedule and would be significantly more expensive than previously represented [5]. - The total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, indicating substantial cost overruns [8]. - Following the announcement of delays and increased costs, NET Power's stock price fell by 31.46% to close at $4.75 per share on March 10, 2025 [8]. Group 2: Project Delays - NET Power announced a delay in the expected schedule for Project Permian, now anticipating initial power generation between the second half of 2027 and the first half of 2028, a significant shift from the original 2026 timeline [6]. - The company further advised that Project Permian would not come online before 2029, representing another significant delay [8]. Group 3: Management Changes - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, effective May 1, 2025, which contributed to a further decline in stock price by 5.75% to close at $2.13 per share on April 16, 2025 [9].
NET Power, Inc. Class Action: Levi & Korsinsky Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 – NPWR
GlobeNewswire News Room· 2025-05-13 16:54
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/net-power-inc-lawsui ...
NET Power, Inc. Class Action: The Gross Law Firm Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 - NPWR
Prnewswire· 2025-05-12 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its Project Permian, which is unlikely to be completed on schedule and may incur higher costs than previously stated [1][2]. Allegations - The complaint claims that during the class period from June 9, 2023, to March 7, 2025, NET Power failed to disclose significant challenges related to the completion of its first utility-scale plant, Project Permian, including supply chain issues and site-specific challenges [1]. - It is alleged that the company's projections regarding the time and capital required for Project Permian were unrealistic, which could negatively impact its business and financial results [1]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased NPWR shares during the specified class period are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [2]. - Upon registration, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
营收超预期、大单不断 Cloudflare(NET.US)Q1强劲业绩获华尔街集体唱多
Zhi Tong Cai Jing· 2025-05-09 12:47
Group 1 - Cloudflare's stock price surged approximately 11% in pre-market trading following a strong Q1 earnings report and positive forward guidance [1] - Q1 revenue reached $479 million, exceeding guidance by $10 million and surpassing market expectations by 300 basis points, indicating robust performance [1] - The company's significant orders in Secure Access Service Edge (SASE) and Workers products highlight its competitive position in the cybersecurity and AI-enabled markets [1] Group 2 - Jefferies maintains a "Hold" rating on Cloudflare but lowers the target price from $170 to $150, citing a 2.3% revenue beat, the highest in five quarters [2] - A five-year contract worth $130 million underscores Cloudflare's strategic position and infrastructure value in the AI era, despite cautious revenue guidance [2] - Morgan Stanley upgrades its rating to "Overweight" and raises the target price from $144 to $150, emphasizing the platform's value and customer confidence in ongoing innovation [2]