Cloudflare (NET)

[winston]

vested

Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Investors: 40

Cloudflare, Inc. (NYSE:NET) saw a 41.9% year-over-year increase in revenue during the fourth quarter of 2022.

Cloudflare, Inc. (NYSE:NET)’s adjusted EPS in the period came in at $0.06, beating estimates by $0.01.

Cloudflare, Inc. (NYSE:NET) is seeing a huge demand for its services from small and large companies. It was recently reported that Cloudflare, Inc. (NYSE:NET)’s services are used by ChatGPT. Cloudflare, Inc. (NYSE:NET) management, without naming OpenAI, said during a latest earnings call:

A leading generative AI company signed a one-year $1 million deal. The company had been a user of our free tier since 2017. And this deal originally started out as a relatively small gateway DNS opportunity to replace Cisco Umbrella. However, when their browser-based application debuted in late November, demand for the company’s AI-generated content absolutely exploded with unprecedented rates of adoption.

Their Azure Front Door had quickly proved insufficient at handling the massive load on their services from legitimate users as well as keeping fraudulent users from exhausting their resources.

They started off with CVM, DDoS, bot management, gateway DNS and more. We are actively exploring various paths for expansion to support their incredible growth as well as emerging use cases of their AI models and applications with Cloudflare Worker, API Shield, imagery sizing and more.

As of the end of the fourth quarter of 2022, 40 hedge funds had stakes in Cloudflare, Inc. (NYSE:NET). The biggest stakeholder of Cloudflare, Inc. (NYSE:NET) was Paul Marshall and Ian Wace’s Marshall Wace LLP which owns an $120 million stake in the company.

Source: Insider Monkey

[winston]

vested

Cloudflare CEO Matthew Prince Just Said Something No Leader Ever Should

Radical transparency is great, but you still need emotional intelligence.

If we're honest with ourselves, we saw a lot of our success with our enterprise customers because our products were so good and solved real problems that every big company faces. That allowed many on our sales team to succeed largely by just taking orders. When the fish are jumping right in the boat, you don't need to be a very good fisherman. But at the risk of mixing watering metaphors, as the tide goes out, you get a clear view who's not wearing shorts.

Even in today's job market, top-notch salespeople have choices about where they work. They may not choose a company whose CEO is known to disdain their entire profession.

Source: Inc.

https://www.inc.com/minda-zetlin/cloudf ... hould.html

[winston]

not vested

Decoding Cloudflare Inc (NET): A Strategic SWOT Insight

Cloudflare Inc (NYSE:NET) continues to expand its customer base and invest in product development despite reporting a net loss.

Revenue growth and strategic partnerships position Cloudflare for potential market expansion and innovation.

Macroeconomic uncertainties and competitive pressures present ongoing challenges for Cloudflare.

Cloudflare's strategic focus on large customer acquisition and international growth may drive future success.

Strengths
Robust Revenue Growth
Innovative Product Development

Weaknesses
Net Losses Despite Revenue Growth
Dependence on Strategic Relationships

Opportunities
Market Expansion and Customer Acquisition
Product Diversification

Threats
Macroeconomic Uncertainties
Competitive Pressures

Source: GuruFocus Research

https://finance.yahoo.com/news/decoding ... 34918.html

[winston]

not vested

Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance - Here's Why

by Erica Kollmann

Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 13 cents by 23.08%.

The company closed quarterly sales of $378.6 million, which beat the analyst consensus estimate of $373.09 million. It represents a 30.47% growth from the prior year's period.

Free cash flow was $35.6 million, or 9% of revenue, compared to $13.9 million, or 5% of revenue, in the first quarter of 2023.

Cash and equivalents totaled $1.716 billion as of March 31, 2024.

Source: Benzinga

https://finance.yahoo.com/news/cloudfla ... 49816.html

[winston]

not vested

Cloudflare stock tumbles as unchanged outlook overshadows Q1 beat

by Vahid Karaahmetovic

For the full year 2024, Cloudflare projects an EPS range of $0.60 to $0.61.

The quarter itself, however, was "quite good," analysts said, adding they see a number of drivers for the company to deliver 25% to 30% growth in the coming years.

Key catalysts include broadening portfolio, strong signs of GTM improvements, "and an emerging Zero-Trust/AI opportunity."

Source: investing.com

https://www.investing.com/news/stock-ma ... s_headline

[winston]

not vested

Cloudflare Tumbles As Revenue Outlook Underwhelms Investors

by REINHARDT KRAUSE

Cloudflare earnings for the quarter ending March 31 came in at 16 cents, up 100% from a year earlier.

Revenue climbed 30% to $378.6 million, t

2024 guidance of 27% growth was unchanged and missed expectations.

Source: IBD

https://www.investors.com/news/technolo ... src=A00220

[winston]

not vested

Is Cloudflare Stock Going to $94? 1 Wall Street Analyst Thinks So.

by Eric Volkman

Revenue rose by a sturdy 30% year-over-year to almost $379 million, while non-GAAP (adjusted) net income more than doubled to top $58 million.

Both figures beat the average analyst estimates. Guidance for both the current quarter and full year broadly met prognosticator expectations.

Source: The Motley Fool

https://finance.yahoo.com/news/cloudfla ... 00640.html