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Zacks.com users have recently been watching Cloudflare (NET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
KeyBanc's Thomas Blakey was one of many pundits making a reduction recently. This followed first-quarter earnings that were considered lackluster by many.
Cloudflare posted a first-quarter beat, but Wall Street was more focused on full-year guidance. The company is forecasting solid 27% growth in 2024, but that's below its rate from previous years.
Cloudflare's (NET) first-quarter results reflect gains from multiple client wins and growing momentum among large enterprise customers.
Tech stocks looked set to continue their momentum Friday. A boost for Apple's shares was helping.
Shares in global cloud services provider Cloudflare (NET) fell more than 14% in premarket trading Friday after the company posted a soft current-quarter sales outlook that overshadowed quarterly results that came in ahead of Wall Street expectations.
Shares in Cloudflare Inc (NYSE:NET) plummeted following its disappointing earnings report, released after Thursday's market close. The company, which provides ‘content delivery services' (CDNs) for websites, reported a $35.5 million loss for its first quarter, in line the same period last year.
Cloudflare Inc.'s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.
Danielle Shay, vice president of options at Simpler Trading, joins CNBC's exchange to share her trades on Apple, Hershey, and Cloudflare.
Cloudflare's (NET) Q1 results are likely to reflect gains from the ongoing shift toward a zero-trust security approach and rising hybrid working trend.