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 ...

Cloudflare (NET) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this web security and content delivery company would post earnings of $0.10 per share when it actually produced earnings of $0.16, delivering a surprise of 60%.Over the last four ...

Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess the industry and examine new business cases for AI. Photographer: David Paul Morris/Bloomberg via Getty ImagesCloudflare shares rose 19% in extended trading on Thursday after the web security and content distribution network provider issued res ...

Cloudflare Inc. shares surged 8% in Thursday’s regular session and were poised to tack on substantial further gains after the company topped expectations with its latest financial results. The stock was rising 18% in Thursday’s extended session on what Cloudflare NET, +8.35% deemed “exceptionally strong” results for the December period.The cybersecurity and software company posted a fourth-quarter net loss of $27.9 million, or 8 cents a share, whereas it lost $45.9 million, or 14 cents a share, in the year- ...