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Cloudflare Inc. NET just flashed a Golden Cross—a classic bullish signal that has technical traders buzzing. Chart created using Benzinga ProCloudflare stock's 50-day moving average has crossed above the 200-day simple moving average (SMA), hinting at potential longer-term strength. At $90.91, Cloudflare stock is above key support levels, including its eight-day and 20-day SMAs of $90.66 and $89.90, respectively. This suggests strong momentum even as some selling pressure occasionally tests its resolve.Read ...

Cloudflare’s NYSE: NET biggest problem in 2024 is its stock price valuation. Trading well over 100X earnings, the market is pricing in significant growth, implying a 4X gain in earnings, but the concerns will disappear in 2025. The company continues to build leverage despite macroeconomic headwinds, and headwinds are expected to revert to tailwinds in 2025, so it will likely grow earnings faster than expected over the longer term. As it is, the analysts' consensus outlook is robust and forecasts adjusted EP ...

Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn moreAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no ...

The stock of Cloudflare, Inc. (NYSE: NET ), one of the notable cloud service & cybersecurity providers around, hasn't had the most dazzling of years. Since May, it has lagged its peers from the Nasdaq and the cloud computing terrains, and is currently Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not rec ...

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.I last wrote about Cloudflare (NYSE: NET ) in September, where I reiterated my "buy" rating for a second time. My "buy" rating was predicated on my belief that Cloudflare was demonstrating significant progress in moving upmarket, with a growingAmrita runs a boutique family office fund in beautiful Vancouver, where she leads the ...

Cloudflare (NET) reported third-quarter 2024 non-GAAP earnings of 20 cents per share, which beat the Zacks Consensus Estimate by 11.11%. The bottom line increased 29.4% year over year.NET’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 25.5%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.NET’s third-quarter revenues of $430.1 million surpassed the consensus mark by 1.52%. The year-over-year increase of 28.2% in reven ...

Cloudflare (NET) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this web security and content delivery company would post earnings of $0.14 per share when it actually produced earnings of $0.20, delivering a surprise of 42.86%.Over the last ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $430.1 million, representing a 28% year-over-year increase [7][30] - Gross margin was 78.8%, slightly up from 78.7% year-over-year [9][34] - Operating income increased to $63.5 million, a nearly 50% year-over-year increase [37] - Free cash flow was $45.3 million, or 11% of revenue, compared to $34.9 million or 10% of revenue in the same period last year [40] - Net income for the quarter was $72.6 million, with diluted net income per share of $0.20 [39] Business Line Data and Key Metrics Changes - The company added a record 219 new large customers, bringing the total to 3,265, a 28% year-over-year increase [7][32] - Revenue contribution from large customers was 67%, up from 65% in the same quarter last year [7] - Dollar-based net retention was 110%, down 2 percentage points quarter-over-quarter [7][33] Market Data and Key Metrics Changes - U.S. revenue represented 50% of total revenue, increasing 22% year-over-year [31] - EMEA revenue accounted for 28% of total revenue, with a 31% year-over-year increase [31] - APAC revenue represented 14% of total revenue, showing a 38% year-over-year increase [31] Company Strategy and Development Direction - The company is focused on rebuilding its go-to-market organization, with an emphasis on increasing sales productivity and capacity [11][29] - A shift towards pool of funds deals with large customers is seen as beneficial for long-term growth despite short-term impacts on dollar-based net retention [8][50] - The company aims to enhance its product offerings, particularly in AI and enterprise solutions, to meet growing customer demands [53][59] Management's Comments on Operating Environment and Future Outlook - Management noted a consistent IT spending environment, with customers emphasizing cost efficiency and ROI [10] - There is optimism regarding internal execution and sales productivity improvements, particularly in North America [49][74] - The company expects to see a meaningful increase in ramped sales representatives starting in 2025, which should positively impact revenue growth [12][29] Other Important Information - The company ended Q3 2024 with $1.8 billion in cash and cash equivalents [39] - Remaining performance obligations (RPO) were $1.53 billion, a 39% year-over-year increase [40] - The company plans to participate in upcoming investor conferences, indicating ongoing engagement with the investment community [5] Q&A Session Summary Question: What is the current external business environment? - Management sees the environment as slightly improved, with strong performance in Europe and Asia, and a leveling off in North America [47] Question: How does the pool of funds impact revenue? - The share of pool of funds deals increased to 10%, which may pressure short-term metrics but is expected to facilitate customer adoption in the long run [50] Question: Can you provide insights on AI developments? - The company has seen a shift in customer conversations from AI training to AI inference, with significant contracts signed, indicating strong demand for their AI platform [52] Question: What is the outlook for the public sector? - The public sector remains a strong area, with expectations for growth as relationships are nurtured and sales capacity is built out [92][96] Question: When can revenue growth accelerate again? - Management believes they have reached a key inflection point in sales capacity, expecting revenue growth to improve moving forward [86][87]

Trading Symbol:  TSX: SVM                                  NYSE AMERICAN: SVM                                                                                                                 VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended September 30, 2024 ("Q2 Fiscal 2025"). All amounts are expressed in US dollars, and figures may not add due to rounding. ...