Cloudflare (NET) is scheduled to report its fourth-quarter 2023 results on Feb 8, after market close.The company projects fourth-quarter revenues in the band of $352-$353 million. The Zacks Consensus Estimate for the top line is currently pegged at $352.7 million, indicating an improvement of 28.4% year over year.Cloudflare expects non-GAAP earnings per share of 12 cents for the fourth quarter. The consensus mark is also pegged at 12 cents per share, implying a robust 100% improvement from the year-ago quar ...

Cloudflare (NET) ended the recent trading session at $79.59, demonstrating a +0.68% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.Prior to today's trading, shares of the web security and content delivery company had gained 3.48% over the past month. This has outpaced the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58 ...

The market expects Cloudflare (NET) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 8, 2024, might help the stock move higher if these key numbers ar ...

Cloudflare (NET) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this web security and content delivery company have returned -3.3%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Internet - Software industry, which Cloudflare falls in, has gained 6.2%. The key question now is: What could be the stock's future ...

In the latest market close, Cloudflare (NET) reached $83.93, with a -0.89% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.29%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.43%.Shares of the web security and content delivery company have appreciated by 0.43% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.67% and the S&P 500's gain of 2.08%.The i ...

Shares of Cloudflare (NET 4.09%) rose as much as 7.2% on Monday, before settling to close up 4.1% after a notable analyst upgrade.Citi takes a measured approach toward Cloudflare stockIn note to clients today, Citigroup (C 2.56%) analyst Fatima Boolani maintained her firm's neutral rating on Cloudflare stock but also raised her per-share price target to $82 from $66. Boolani cited "encouraging" channel feedback more broadly for stocks in the cloud observability and DevOps spaces, while noting that the recen ...

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) 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 ...

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 ...

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 ...