Exane BNP Paribas initiated coverage on Cloudflare with a new price target
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Exane BNP Paribas initiated coverage of Cloudflare with a rating of Underperform and set a new price target of $65.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/8/2024 | $65.00 | Underperform | Exane BNP Paribas |
| 7/16/2024 | Peer Perform | Wolfe Research | |
| 7/8/2024 | $85.00 | Sector Perform | Scotiabank |
| 6/25/2024 | $76.00 → $82.00 | Sell → Neutral | UBS |
| 5/7/2024 | $95.00 | Hold → Buy | DZ Bank |
| 2/13/2024 | $110.00 | Buy → Hold | DZ Bank |
| 2/9/2024 | $100.00 | Neutral | Cantor Fitzgerald |
| 1/18/2024 | $85.00 | Mkt Perform | Bernstein |
The drive for consolidation is evident: with cybersecurity threats becoming more frequent and severe, companies and governments are compelled to bolster their defenses. As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth and transformation. Google’s acquisition of Wiz is a major step in this direction, heralding a future where cybersecurity giants dominate the field, offering more robust and integrated protection solutions. Google’s Wiz Acquisition Could Trigger A Consolidation Wave Google parent Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) $23 billion acquisition of Wiz is shaking up the cybersecurity landsc
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Exane BNP Paribas initiated coverage of Cloudflare with a rating of Underperform and set a new price target of $65.00
Wolfe Research initiated coverage of Cloudflare with a rating of Peer Perform
Scotiabank initiated coverage of Cloudflare with a rating of Sector Perform and set a new price target of $85.00
Third quarter revenue totaled $430.1 million, representing an increase of 28% year-over-year GAAP loss from operations of $30.8 million, or 7% of revenue, and non-GAAP income from operations of $63.5 million, or 15% of revenue Operating cash flow of $104.7 million, or 24% of revenue, and free cash flow of $45.3 million, or 11% of revenue Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its third quarter ended September 30, 2024. "I am pleased with our results for the third quarter—exceeding expectations for revenue, operating margin, and free cash flow while also reaching a key inflection point in the transformation of our go
Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced that it will report its financial results for the third quarter ended September 30, 2024 after the U.S. market closes on Thursday, November 7, 2024. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after
Second quarter revenue totaled $401.0 million, representing an increase of 30% year-over-year GAAP loss from operations of $34.7 million, or 9% of revenue, and non-GAAP income from operations of $57.0 million, or 14% of revenue Operating cash flow of $74.8 million, or 19% of revenue, and free cash flow of $38.3 million, or 10% of revenue Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its second quarter ended June 30, 2024. "We had a strong second quarter, crossing $1.6 billion in annualized revenue and growing 30% year-over-year. The world is still complicated, but our team remained focused on execution and delivered te
SC 13G/A - Cloudflare, Inc. (0001477333) (Subject)
SC 13G/A - Cloudflare, Inc. (0001477333) (Subject)
SC 13G/A - Cloudflare, Inc. (0001477333) (Subject)
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10-Q - Cloudflare, Inc. (0001477333) (Filer)
8-K - Cloudflare, Inc. (0001477333) (Filer)
Industry veteran with track record of driving innovation at scale across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to further accelerate the company's next phase of growth to $5 billion in annual recurring revenue and beyond. Desai's 25+ years of experience spans product innovation, go-to-market strategies, and operational efficiency—all key in building high-performing teams and driving sustained business growth at scale. Desai most recently served as President and Chief Operating Officer at S
Acquisition adds more proactive controls to Cloudflare One so businesses can better secure every interaction when using major cloud providers Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the acquisition of Kivera, a cloud security, data protection, and compliance platform. The combination of Kivera and the Cloudflare One platform will put preventive controls directly into the cloud deployment process, or ‘inline', preventing security issues and risks before they happen to create a cloud journey that is faster, simpler, and more secure. Gartner® estimates that, "through 2027, 99% of records compromised in cloud environments will be the result of user
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, has been named a Leader in the IDC MarketScape Worldwide Edge Delivery Services 2024 Vendor Assessment (doc #US51812424, Nov 2024). A total of eight vendors were evaluated for the report. "Cloudflare was born on the edge, and now delivers all of our offerings as close to the user as possible for the lowest latency and best customer experience," said Matthew Prince, co-founder and CEO, Cloudflare. "This makes us a reliable, trusted partner to companies of all sizes—from startups to mid-size to enterprises—to help lower IT costs and complexity while still making sure that their networks, apps, and employees are fast, secur
Third quarter revenue totaled $430.1 million, representing an increase of 28% year-over-year GAAP loss from operations of $30.8 million, or 7% of revenue, and non-GAAP income from operations of $63.5 million, or 15% of revenue Operating cash flow of $104.7 million, or 24% of revenue, and free cash flow of $45.3 million, or 11% of revenue Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its third quarter ended September 30, 2024. "I am pleased with our results for the third quarter—exceeding expectations for revenue, operating margin, and free cash flow while also reaching a key inflection point in the transformation of our go
Cloudflare grows its presence in EMEA with new operations in Lisbon, Portugal Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the opening of a new headquarters and technical hub in Lisbon, Portugal to further support its growing EMEA operations and offices in London, Paris, Munich, and Dubai. Portugal already represents a growing Cloudflare team. Today, Cloudflare's network currently spans 58 cities in Europe, including Lisbon, Portugal, which was announced in 2016. Cloudflare announced its first office in Lisbon in 2019. Since establishing an office in the region, the company has grown from 14 employees to more than 350 in Portugal. Cloudflare plans t
4 - Cloudflare, Inc. (0001477333) (Issuer)
4 - Cloudflare, Inc. (0001477333) (Issuer)
4 - Cloudflare, Inc. (0001477333) (Issuer)