Workflow
Cloudflare(NET)
icon
Search documents
Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
MarketBeat· 2024-08-06 14:47
Cloudflare Today | --- | --- | |----------------------|-------| | | | | | | | NET | | | Cloudflare | | | $78.12 | | | +0.42 (+0.54%) | | | 52-Week Range $53.88 | | | ▼ | | | $116.00 | | | Price Target $92.29 | | | Add to Watchlist | | Content delivery network (CDN) service provider Cloudflare, Inc. NYSE: NET reported a solid Q2 2024 earnings report, resulting in a 6% gain the following day. This is impressive, considering the Nasdaq composite index fell nearly 418 points that day. Cloudflare is a one-stop s ...
FOX REPORTS FOURTH QUARTER FISCAL 2024 REVENUES OF $3.09 BILLION, NET INCOME OF $320 MILLION, AND ADJUSTED EBITDA OF $773 MILLION
Prnewswire· 2024-08-06 11:30
FOX REPORTS FULL YEAR FISCAL 2024 REVENUES OF $13.98 BILLION, NET INCOME OF $1.55 BILLION, AND ADJUSTED EBITDA OF $2.88 BILLION NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three and twelve months ended June 30, 2024. Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: "Fiscal 2024 was another successful year for FOX with very clear achievements across our portfolio, includ ...
Cloud Stock Eyes Best Day in Months on Beat-and-Raise
Schaeffers Investment Research· 2024-08-02 14:21
IT leader Cloudflare Inc (NYSE:NET) is moving 3.2% higher to trade at $76.74 this morning, after the company posted better-than-expected second-quarter results and raised its full-year outlook. The equity now expects earnings between 70 and 71 cents per share, with a 2024 profit of 61 cents per share. On the charts, while the shares have struggled over the past few months, they remain 18% higher year over year, with support below at the 320-day moving average. Today, Cloudflare stock is on track for its bes ...
Cloudflare Earnings: 83x Operating Profits, Valuation In The Cloud
Seeking Alpha· 2024-08-02 13:25
I 1 Sundry Photography Investment Thesis Cloudflare (NYSE:NET) delivered very strong Q2 2024 results that saw its stock increase by 8% after hours. More specifically, Cloudflare's prospects remain undeniably strong, which led to Cloudflare once again raising its growth prospects. According to my estimates, Cloudflare is priced at 83x next year's non-GAAP operating profits. I maintain, as I've done for a while, that this is simply the going price for this sort of company. Investors are unlikely to get Cloudf ...
Cloudflare(NET) - 2024 Q2 - Earnings Call Transcript
2024-08-02 00:09
Cloudflare, Inc. (NYSE:NET) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer Thomas Seifert - Chief Financial Officer Mark Anderson - President, Revenue Conference Call Participants Matt Hedberg - RBC Capital Markets Shaul Eyal - TD Cowen Jim Fish - Piper Sandler Andrew Nowinski - Wells Fargo Adam Borg - Stifel Fatima Boolani - Citi Hamza Fodderwala - Morgan Stanley Trevor Walsh - JMP Ope ...
Cloudflare(NET) - 2024 Q2 - Earnings Call Presentation
2024-08-01 23:57
| --- | --- | |---------------------|-------| | | | | | | | | | | | | | | | | | | | Investor | | | | | | Presentation | | | | | | | | | | | | | | | As of June 30, 2024 | | | | | | | | Safe Harbor This presentation has been prepared by Cloudflare, Inc. ("Cloudflareˮ) for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise, or representation by the presenter or Cloudflare or any officer, director, employee, ...
Cloudflare (NET) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 23:00
Cloudflare (NET) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this web security and content delivery company would post earnings of $0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%. Over the las ...
Cloudflare Q2 Earnings Highlights: Revenue Beat, EPS Beat, Guidance Shines
Benzinga· 2024-08-01 21:09
Cloud connectivity company Cloudflare Inc NET reported second-quarter revenue of $401.0 million, up 30% year-over-year. The revenue beat a Street consensus estimate of $394.69 million, according to data from Benzinga Pro. The company reported earnings per share of 20 cents, which beat a Street consensus estimate of 14 cents per share. "We had a strong second quarter, crossing $1.6 billion in annualized revenue and growing 30% year-over-year. The world is still complicated, but our team remained focused on e ...
Should You Buy, Sell or Hold Cloudflare (NET) Ahead of Q2 Earnings?
ZACKS· 2024-07-29 13:51
The web infrastructure and website security solution provider's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 37.7%. Earnings Whispers Our proven model does not conclusively predict an earnings beat for Cloudflare this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today's Zacks #1 Rank stoc ...
LOEWS CORPORATION REPORTS NET INCOME OF $369 MILLION FOR THE SECOND QUARTER OF 2024
Prnewswire· 2024-07-29 10:00
Book value per share excluding AOCI 85.42 81.92 Three months ended June 30, 2024 compared to 2023 CNA: Net income attributable to Loews Corporation improved 14% to $291 million from $255 million. Core income increased 6% to $326 million from $308 million. Net investment income increased due to higher income from fixed income securities as a result of favorable reinvestment rates and a larger invested asset base and favorable returns from limited partnerships. Net written premiums grew by 6% driven by strong ...