Cloudflare, Inc. (NET) has experienced a notable rise recently, with shares climbing 6.2% over the past month. This upward trend adds to an intriguing year-to-date (YTD) journey marked by significant volatility. Cloudflare's share price took a major hit after the company announced during its first-quarter 2024 earnings release that macroeconomic headwinds were hurting its sales growth. Following the quarterly results, NET stock plunged more than 16% on May 3. Despite this, the recent surge has renewed inves ...

Core Viewpoint - VeriSign is experiencing stable revenue growth but faces significant long-term challenges that could impact its future performance [1][2][4] Group 1: Financial Performance - From 2020 to 2023, VeriSign's revenue grew at a compound annual growth rate (CAGR) of 6%, while its earnings per share (EPS) increased at a CAGR of 4% [1] - Analysts project revenue and earnings growth of 5% and 1%, respectively, for the current year [1] - VeriSign's stock is currently valued at 22 times forward earnings, indicating a reasonable valuation [1] Group 2: Long-term Challenges - VeriSign faces criticism for monopolizing the .com and .net domains, with advocacy groups urging the U.S. government to halt its contract renewal for the .com domain [2] - There is a bearish sentiment that the rise of mobile apps may diminish the importance of individual websites and memorable domain names, potentially leading to declining renewal rates for VeriSign [3][4] Group 3: Competitive Landscape - Cloudflare is positioned as a more future-oriented investment compared to VeriSign, which is seen as a legacy player in the internet space [5] - Over the past 12 months, Cloudflare's stock increased by 26%, while VeriSign's stock declined by 23%, highlighting the market's preference for growth-oriented companies [9] Group 4: Business Operations - VeriSign operates the authoritative domain name registries for .com and .net, and is a key player in the internet's infrastructure by managing root name servers [8] - Despite its mature status, VeriSign's stock performance has been underwhelming compared to more dynamic tech stocks [9]

Today's announcement reiterates Highway Holdings' continued commitment to improve its practices and uphold the highest standards of financial reporting. Except for the historical information contained herein, the matters discussed in this press release are forwardlooking statements, which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, the impact ...

Cloud Computing and Cybersecurity Market Growth - The widespread adoption of cloud computing is creating significant opportunities in the cybersecurity market, driven by the need for robust and flexible infrastructure [1] - Organizations are increasingly moving towards cloud solutions for easier data storage and access to powerful computing resources, enabling effective management of applications and complex analytics [1] - The integration of cloud with technologies like software-defined perimeters is enhancing platform security, particularly for SMEs seeking to secure their data on the cloud [1] - The global cybersecurity market size is projected to grow from USD 190.4 billion in 2023 to USD 298.5 billion by 2028 at a CAGR of 9.4% [5] - North America, particularly the US, is anticipated to have the largest market size due to the concentration of leading cybersecurity companies and a high number of cyber threats [1] SentinelOne's Market Position - SentinelOne's Singularity Platform is among the highest-rated vendors in the Gartner Peer Insights™ Voice of the Customer for Endpoint Protection Platforms report, with 95% of over 1,600 end users recommending the solution [3] - The platform is recognized for its AI-powered, autonomous capabilities, protecting organizations across industries with a single management console and unified agent [14] Oracle's Cloud Infrastructure Adoption - Hitachi Construction Machinery has selected Oracle Cloud Infrastructure (OCI) to migrate its large-scale, mission-critical business systems, achieving fast and reliable cloud migration with minimal changes to applications and databases [4] - The migration supports Hitachi's digital transformation efforts, unifying data from mission-critical systems and preparing for future AI implementation [8] Emerging Cybersecurity Trends - The cybersecurity market is driven by escalating cyber threats, regulatory compliance demands, and the adoption of digital technologies like cloud computing and IoT [5] - Opportunities are emerging in AI and ML for threat detection, cloud security services, and cybersecurity for IoT devices, alongside growth in managed security services (MSS) and the need for skilled professionals [5] Scope Carbon Corp's Quantum Security Acquisition - Scope Carbon Corp has acquired Ovryde's quantum resilient entropy (QSE) technology, enhancing its cybersecurity offerings to address emerging quantum-computing threats [12] - The acquisition enables faster deployment of solutions, opens new revenue streams in industries like finance and healthcare, and helps clients comply with quantum-resistant encryption regulations [6] - The QSE technology positions Scope AI as a leader in quantum-resilient security solutions, setting it apart from competitors [6] Cloudflare's Application Security Report - Cloudflare's State of Application Security 2024 Report highlights the challenges security teams face in managing risks from modern applications, including software supply chain issues, DDoS attacks, and malicious bots [7] Varonis' Data Security Platform - Varonis' cloud-native Data Security Platform uses AI-powered automation to discover, classify, and protect critical data, helping organizations meet Zero Trust requirements and federal compliance mandates [9][17] - The platform has secured the "In Process" designation with FedRAMP, affirming its alignment with secure and compliant cloud services for the federal government [16]

Spicing up the intensity, Zscaler has acquired Avalor and Airgap Networks, pushing the frontiers of AI-driven Zero Trust Security Access Service Edge (SASE). It didn't stop there, though, as it recently announced a partnership with the AI chip maker Nvidia (NASDAQ:NVDA). This alliance will bring Nvidia's advanced Gen AI technology into Zscaler's operations, notably enhancing the Zscaler Copilot platform. The improved Copilot will proactively identify and mitigate cyber risks, as well as optimize IT and netw ...

Cloudflare (NET) closed at $82.83 in the latest trading session, marking a +1.27% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.41% for the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. NET's full-year Zacks Consensus Estimates are calling for earnings of $0.62 per share and revenue of $1.65 billion. These results would represent year-over-year changes of +26.53% and +27.27%, respectively. Looking at its valuation, Cloudflare is hold ...

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Traders who are bearish on the stock must also exercise some caution due to the short-term bullish momentum. However, they can initiate short positions above $80 with a stop loss at $88.4. If the stock fails to fill the gap it made after its most recent quarterly results, it can once again fall to $65 levels, where they can book profits. Ad Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™. ...

In the latest trading session, Cloudflare (NET) closed at $78.60, marking a +0.85% move from the previous day. This move outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the techheavy Nasdaq lost 1.09%. Shares of the web security and content delivery company have appreciated by 5.05% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.41% and outperforming the S&P 500's gain of 2.73%. Based on our research, we believe these esti ...

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.62 per share and a revenue of $1.65 billion, indicating changes of +26.53% and +27.27%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Cloudflare. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Th ...