Cloudflare is making the right moves to capitalize on the proliferation of AI. Market research firm IDC recently released a report stating that the global artificial intelligence (AI) market is now worth $235 billion, and the good part is that this technology still has a lot of room for growth over the next five years. IDC estimates that global spending on AI and generative AI could hit $631 billion in 2028. There are several ways for investors to benefit from this massive opportunity. From hardware compani ...

Cloudflare is gearing up to launch a container service sometime next year. Cloudflare (NET 1.57%) does a lot more than speed up and protect websites. The company's global network, which now spans more than 330 cities around the world, puts about 95% of the global internet-connected population within 50 milliseconds (ms) of a Cloudflare data center. Cloudflare has rolled out a vast number of features, products, and services since its inception that leverage this network and remove pain points for customers. ...

While Cloudflare's (NYSE: NET ) valuation remains optically high, the company continues to establish itself as best-in-class, both in terms of financial performance and products. Cloudflare's growth is likely to continue decelerating in the next few quarters but should be nearing a Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted return ...

In the latest market close, Cloudflare (NET) reached $82.36, with a -1.26% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.62%, while the techheavy Nasdaq added 0.6%. Heading into today, shares of the web security and content delivery company had gained 4.46% over the past month, outpacing the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% in that time. The investment community will be closely monitoring ...

Lehi, Utah, Sept. 26, 2024 (GLOBE NEWSWIRE) -- DigiCert, a leading global provider of digital trust, today announced the results of the inaugural DigiCert® Quantum Readiness Awards. Cloudflare (NYSE: NET), the leading connectivity cloud company, won the prestigious honor, while Migros, one of the largest retail companies in Switzerland, and DXC Technology, a leading global technology service provider, were selected as finalists by the judges. The awards ceremony took place during DigiCert's World Quantum Re ...

Cloudflare (NET) shares have plunged 13.6% in the past six months against the S&P 500 index's return of 9.3%. NET shares have also underperformed both the Zacks Internet Software Industry and the Zacks Computer and Technology Sector's return of 2.8% and 10%, respectively. NET's underperformance can be attributed to investors' concerns about near-term prospects amid the company's decelerating sales growth. Softening IT spending amid ongoing macroeconomic uncertainties is hurting Cloudflare's top-line growth. ...

Cloudflare is working on a way to help website owners make money from AI bots scraping their content. Cloudflare (NET -2.44%) already has a dominant presence on the internet. Around 18% of all websites have Cloudflare acting as a middleman, speeding up requests and providing protection from malicious traffic. The company provides these basic services for free, with more advanced services available as part of its subscription plans. While Cloudflare already captures an enormous share of global internet traff ...

Cloudflare (NET) shares have gained 6.1% in the past three months, outperforming the Zacks Internet Software Industry's and the S&P 500 index's return of 5.2% and 3.8%, respectively. NET stock has also outperformed the Zacks Computer and Technology Sector's decline of 1.7% in the same time frame. Cloudflare's outperformance in the past three months reflects investors' confidence in the company's artificial intelligence (AI)-enabled portfolio strength, which is driving its financial performance. Cloudflare r ...

ST. LOUIS, Sept. 23, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that the California Department of Health Care Services has selected its subsidiary, Health Net Community Solutions (Health Net), to provide managed dental health care services to beneficiaries of Medi-Cal, the State's Medicaid program, in Los Angeles and Sacramento counties. The new 54-month contract is expected to take effect on July 1, ...

The latest trading session saw Cloudflare (NET) ending at $82.45, denoting a -0.46% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%. Prior to today's trading, shares of the web security and content delivery company had gained 2.73% over the past month. This has outpaced the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06% in that time. The inve ...