Sometimes the market loves a company's results so much that it dramatically reprices the stock. That's what it did when Cloudflare (NET -3.02%) reported earnings on Feb. 8; the stock jumped up nearly 20% the following trading day. Clearly, there's something in this report that made investors reconsider their valuation of Cloudflare. But was it overdone, or is the stock still a buy here?Cloudflare's core business is doing quite wellCloudflare is all about hosting workloads on the cloud. Primarily, it has bee ...

Cloudflare (NET 4.50%) has taken investors on a wild ride since its IPO in 2019. The content delivery network (CDN) provider went public at $15, and it hit an all-time high of $217.25 on Nov. 18, 2021, during the growth stock rally.But today, Cloudflare's stock trades at about $108. It lost its luster as its revenue growth cooled off, it remained unprofitable on a generally accepted accounting principles (GAAP) basis, and rising interest rates compressed its valuation. Nevertheless, a $50,000 investment in ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Cloudflare (NET) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Cloudflare is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the i ...

Analysts have yet to weigh in on the equity, but the majority of pessimistic. Of the 28 in coverage, 17 recommend a tepid "hold" or worse, and a shift in sentiment could bode well for the shares.This is currently the case with the stock's SVI of 46%, which stands in the 16th percentile of annual readings. The shares were higher one month later after 83% of those signals, averaging an 11.17% rise. From its current level, a move of similar magnitude would place Cloudflare stock above $120.Digging deeper,lates ...

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Shares of Cloudflare (NET 20.73%) charged sharply higher Friday, surging by as much as 28.4%. As of 1:01 p.m. ET, the stock was up 21.1%.The catalyst that sent the edge computing specialist soaring was a remarkably strong fourth-quarter report.A classic beat and raiseFor the quarter, Cloudflare's revenue grew 32% year over year to $362.5 million, resulting in adjusted earnings per share (EPS) of $0.15, up 150%. Analysts' consensus estimates had called for revenue of $353 million and EPS of $0.12, so Cloudfl ...

Key PointsCloudflare had a solid quarter and guided the market higher, sparking a melt-up in the price action.Analysts are raising their targets and see the stock advancing at least 25%. A move to the new high target would confirm a significant pivot in the market and may add $75 or more to the post-release price action. 5 stocks we like better than CloudflareThe Cloudflare Inc. NYSE: NET Q4 results and guidance sparked an analyst reset that has the cybersecurity stock up 25% in after-hours trading and on t ...

Cloudflare Inc. won big praise on Wall Street for its latest earnings, but the majority of analysts still decline to recommend its stock, largely due to concerns about the valuation. The company “is executing well while simultaneously benefiting from strong secular trends, underpinned by rapid innovation in core networking, security and [generative artificial-intelligence] infrastructure,” JPMorgan’s Mark Murphy wrote in a note to clients.He added that “investors are rewarding these dynamics” as Cloudflare ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysCloudflare shares rose sharply after the company topped analysts fourth-quarter earnings and sales estimates and issued upbeat current-quarter guidance.CEO Mathew Price said the company inked its largest new customer deal and biggest renewal during the quarter, helping to drive record annual contract value.Cloudflare shares may see profit taking near $132, finding potential chart resistance from the March 2022 swing high. Cloudflare, Inc. Source: TradingView.com.Shares in Cloudflare (NET) su ...