Cloudflare (NYSE:NET) will hand down its fourth quarter earnings after markets close on February 10, with Jefferies analysts expecting the report to reflect the company's momentum in AI adoption and enterprise transformation. Shares of the software and network services provider have been down roughly 15% in the year-to-date at about $168, amid broader weakness in the software sector, but analys...
On Wednesday, BTIF upgraded Cloudflare Inc (NYSE:NET) to "buy" from "neutral," hiking its price target to $199 and noting the cybersecurity stock has "underappreciated long-term growth potential.
Cloudflare (NYSE: NET)'s stock increased by 54%, in the past nine months, driven not only by a significant rise in revenue and improved valuations but also by a series of impressive earnings surprises, new partnerships, and a surge in optimistic analyst outlooks. Let's explore the main factors behind this substantial market gain.
Cloudflare shares surged about 14% premarket on Tuesday as social media buzz around the "Clawdbot" AI agent rekindled investor enthusiasm for the company's tools that help run the technology.
Cloudflare, Inc.'s enterprise customers reached 4,009, up 23% year over year, now generating 73% of total revenue versus 67% last year. Dollar-based net retention accelerated to 119% sequentially, driven by pool-of-funds contracts expanding usage across more than 55 products. Remaining performance obligations rose to $2.143 billion, up 43% year over year, materially outpacing reported revenue g...
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