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Will Cloudflare Be a Trillion-Dollar Stock by 2050?
The Motley Fool· 2024-01-20 12:50
Cloudflare (NET 4.35%) has generated some volatile gains since its IPO in September 2019. The cloud-based content delivery network (CDN) provider went public at $15, and its shares soared to an all-time high of $217.25 on Nov. 18, 2021.But today, its stock trades at around $78. A $10,000 investment in its IPO would have grown to nearly $145,000 before shrinking back to about $52,000 today. That pullback is disappointing, but a five-bagger gain in just over four years is still impressive.Cloudflare is now wo ...
Cloudflare (NET) Falls More Steeply Than Broader Market: What Investors Need to Know
Zacks Investment Research· 2024-01-17 00:34
Cloudflare (NET) closed the most recent trading day at $78.45, moving -1.16% from the previous trading session. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 0.19%.Heading into today, shares of the web security and content delivery company had lost 6.29% over the past month, lagging the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment community will be payin ...
Even Cloudflare's CEO says that viral firing video is ‘painful.' Here's what went wrong.
Market Watch· 2024-01-12 22:53
A tech employee’s recording of the meeting firing her from a sales role at Cloudflare NET, -1.79% has spurred criticism of the company — and a broader conversation about the right way to let employees go. Viewers have called the roughly 10-minute TikTok video, which went viral this week, “sad” and a “disaster.” Even Cloudflare CEO Matthew Prince responded on X (formerly Twitter) that it was “painful for me to watch.” In the video captioned, “POV: You’re about to get laid off,” former Cloudflare account exec ...
New Cloudflare Report Shows Organizations Struggle to Identify and Manage Cybersecurity Risks of APIs
Businesswire· 2024-01-09 14:00
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today published its inaugural API Security and Management Report. Findings from this year's report reveal that APIs, a technology that underpins today’s most used sites and apps, are being leveraged by businesses more than ever—ultimately opening the door to more online threats than seen before. The report underscores the gap between organizations' use of APIs and their ability to safeguard the data those A ...
Cloudflare (NET) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-01-05 00:34
Cloudflare (NET) closed the most recent trading day at $76.83, moving +0.58% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.The web security and content delivery company's stock has dropped by 0.35% in the past month, falling short of the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56%.The investment community will be paying close attention to the earnings ...
Top Stock Picks for 2024: Cloudflare
Schaeffers Research· 2024-01-04 20:21
Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024. First up, we have cybersecurity stock Cloudflare Inc (NYSE:NET). To access the entirety of the 2023 report, click here.Cybersecurity stock Cloudflare (NET) is up 85% year-to-date and just crossed the $25 billion valuation level that acted as resistance earlier in the summer. Last month, the shares toppled another layer of resistance after surpassing the $74 region, which is also double the shares' 2022 low ...
2 Stocks on My Watchlist for 2024
The Motley Fool· 2023-12-29 07:10
It's always a good idea for investors to have a long list of stocks they've fully researched ready to go in case the stock market tumbles. Opportunities to buy great companies at great prices don't come often and don't last long.Two stocks I'll be keeping tabs on throughout 2024 are Twilio (TWLO -0.28%) and Cloudflare (NET -1.02%). Both are too expensive for me at the moment, but at the right price, I could see either one in my portfolio.1. TwilioShares of communications platform Twilio are down more than 8 ...
Cloudflare, Inc. (NET) Wells Fargo TMT Summit Conference Call (Transcript)
2023-11-29 06:21
Cloudflare, Inc. (NYSE:NET) Wells Fargo TMT Summit Conference Call November 28, 2023 7:30 PM ET Company Participants Matthew Prince - Chief Executive Officer Conference Call Participants Unidentified Analyst All right. Thank you, everyone, for joining us. End of day one. I know we're about 35 minutes away from the live music and dinners and drinks. So thank you so much for sticking around for this last session. I can assure you it will be entertaining and informative. It's my pleasure to introduce you today ...
Cloudflare(NET) - 2023 Q3 - Earnings Call Transcript
2023-11-03 00:31
But it results in a much higher level of efficiency, a much higher level of - a much faster pace of innovation, and we're able to capitalize on that today. And so I think it would require a complete rearchitecture from any of the providers that we know in order to be able to do what we've done in this space. And I think it's, again, part of the secret to our continued pace of innovation. And again, really proud of our team and everything that they've done to be able to deliver it. Alex Henderson One last qu ...
Cloudflare(NET) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-390 ...