The U.S. stock market performed well over the past year. The broad-based S&P 500 advanced 28%, the blue chip Dow Jones Industrial Average gained 18%, and the technology-heavy Nasdaq Composite soared 39%. But patient investors can still find buying opportunities on a budget.For instance, Cloudflare (NET -0.32%) and Shopify (SHOP 1.85%) trade at reasonable valuations given their future growth prospects, and both stocks were priced at less than $100 per share at the time of writing.Here's what makes these busi ...

In the latest trading session, Cloudflare (NET) closed at $97.06, marking a -0.95% move from the previous day. This move lagged the S&P 500's daily loss of 0.11%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.41%.The web security and content delivery company's stock has dropped by 9.2% in the past month, falling short of the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7%.Market participants will be closely following the financial resu ...

Cloudflare, Inc. (NET) intensifies its investment efforts in the Middle East, bolstering its longstanding commitment to the region. The company's strategic initiatives include establishing a new office in Dubai Internet City and enhancing its team to drive partner enablement, innovation and customer success.Why is Cloudflare Investing in the Middle East?With the inauguration of its new office in Dubai Internet City, Cloudflare underscores its dedication to serving the Middle Eastern market. Michelle Zatlyn, ...

A new bull market became official when the S&P 500 (SNPINDEX: ^GSPC) hit a record high in January 2024. Technically, that bull market began when the index reached a bear market low in October 2022. It has since advanced 42%, but history says there is plenty of upside left for patient investors.The S&P 500 returned an average of 169% during past bull markets, and it realized those returns over an average of 59 months. That leaves implied upside of 127% over the next 43 months.Of course, that assumes the curr ...

Artificial intelligence (AI) spending across hardware, software, and services totaled about $200 billion last year, according to Grand View Research. But that figure is expected to soar 820% to exceed $1.8 trillion by 2030. In other words, the AI market is forecast to compound at 37% annually through the end of the decade.Many companies will benefit from that rising tide, but Cloudflare (NET -2.74%) and ServiceNow (NOW -1.35%) stand out because they have strong footholds in relevant markets. Additionally, b ...

A strong quarterly earnings report pushed Cloudflare (NET -1.30%) shares 24.6% higher last month, according to data provided by S&P Global Market Intelligence. The cybersecurity leader posted better-than-expected results and issued optimistic guidance.Investors loved Cloudflare's quarterly reportCloudflare stock climbed immediately following its Feb. 8 earnings report. The company exceeded analyst expectations and issued encouraging forecasts for the year ahead. It notched an impressive 32% revenue growth l ...

SAN FRANCISCO & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it is pushing forward with aggressive investment plans in the Middle East furthering its nearly decade-long commitment in the region. The investment includes a new office in Dubai Internet City and growing team focused on partner enablement, innovation, and customer success. The company first invested in the Middle East early in 2015 and has been strategically p ...

Cloudflare Inc (NYSE:NET) Morgan Stanley Technology, Media and Telecom Conference March 6, 2024 5:50 PM ET Company Participants Thomas Seifert - Chief Financial Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Hamza Fodderwala All right. Well, good afternoon, everybody. Thank you for joining us. I'm Hamza Fodderwala, cybersecurity analyst at Morgan Stanley. And this afternoon, we have the pleasure of having Thomas Seifert, CFO of Cloudflare. Thomas, thank you for joining us. Thomas Sei ...

Cloudflare, Inc. (NET) has unveiled a groundbreaking solution, Magic Cloud Networking, designed to simplify and secure multicloud environments for businesses. This initiative marks Cloudflare's strategic move into the multicloud networking arena, powered by the acquisition of Nefeli Networks' technology.NET Strengthens Position in Connectivity Cloud SpaceWith the majority of businesses leveraging public cloud providers, there's a growing need to efficiently manage cloud networking platforms across various v ...

Cloudflare (NET) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this web security and content delivery company have returned +17.6%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Internet - Software industry, which Cloudflare falls in, has gained 1.1%. The key question now is: What could be the stock's futur ...