US18915M1071 - Common Stock
SoundHound AI, SentinelOne, and Cloudflare are all potential multibaggers.
The past six months have been a windfall for Zevia’s shareholders. The company’s stock price has jumped 119%, hitting $2.08 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 7.7% in the afternoon session after Oppenheimer analyst Timothy Horan maintained a Buy rating on the stock with a $110 price target. This is the latest in a string of positive sell-side notes after a strong quarter. For example, a note from Morgan Stanley last week called out an exciting 2025, saying that "a ramping salesforce, new leadership and growing contribution from Workers/Edge AI could drive upside to estimates".
Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 7.7% in the afternoon session after Oppenheimer analyst Timothy Horan maintained a Buy rating on the stock with a $110 price target. This is the latest in a string of positive sell-side notes after a strong quarter. For example, a note from Morgan Stanley last week called out an exciting 2025, saying that "a ramping salesforce, new leadership and growing contribution from Workers/Edge AI could drive upside to estimates".
Cloudflare stock has advanced more than 24% this year amid investor buzz over artificial intelligence and cryptocurrency.
Cloudflare stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 66 to 73.
NET is leading the security space with its AI-enhanced products.
Okta has gotten torched over the last six months - since May 2024, its stock price has dropped 28% to $73.90 per share. This might have investors contemplating their next move.
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Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 8.3% in the morning session after Citi analyst updated the stock's price target from $90 to $95. The analyst noted that the Q3'2024 earnings included "encouraging qualitative generative AI commentary and traction in Cloudflare's PoF (Pool of Funds) deals." Since the company reported results on November 7th, 2024 and the stock retreated, several Wall Street analysts have defended. They pointed out that the quarter was solid and that future prospects, especially the Workers Edge AI platform, are bright.
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Lowe's trades at $270.40 per share and has stayed right on track with the overall market, gaining 16.1% over the last six months while the S&P 500 returned 14.5%.
Shares of internet security and content delivery network Cloudflare (NYSE:NET) fell 9.1% in the morning session after the company reported third-quarter earnings and provided revenue guidance for the next quarter that missed analysts' expectations by less than 1%. Billings, a key growth indicator, also missed Wall Street's estimates, although cRPO (another topline indicator) beat and accelerated in growth rate compared to last quarter. The company noted that some large deals saw delays in closing.
A Fed rate cut and a slew of big earnings reports filled out a busy week.
NET earnings call for the period ending September 30, 2024.
Cloudflare (NET) delivered earnings and revenue surprises of 11.11% and 1.52%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
Internet security and content delivery network Cloudflare (NYSE:NET) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 28.2% year on year to $430.1 million. On the other hand, the company expects next quarter’s revenue to be around $451.5 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.20 per share was also 9.5% above analysts’ consensus estimates.
Internet security and content delivery network Cloudflare (NYSE:NET) will be reporting results tomorrow afternoon. Here’s what to expect.