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Shareholder Alert: Robbins LLP Informs Investors of the NET Power Inc. Class Action Lawsuit
Prnewswire· 2025-04-21 21:49
Group 1 - A class action has been filed against NET Power Inc. on behalf of investors who purchased securities between June 9, 2023, and March 7, 2025 [1] - The allegations include that NET Power misled investors about the timeline and costs associated with Project Permian, indicating that the project would be delayed and more expensive than previously stated due to supply chain issues and other challenges [2] - Following the announcement of third quarter 2023 results, NET Power's stock fell over 18% after revealing a 12-month delay in the expected schedule for Project Permian [3] Group 2 - On March 10, 2025, NET Power disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion, and announced a delay in the project's timeline to no earlier than 2029 [4] - The company reported a decrease in cash and cash equivalents from $580 million to $533 million, primarily due to operating cash outflows and capital expenditures [4] - Following the fourth quarter and full year 2024 results announcement, NET Power's stock price fell over 31% to close at $4.75 per share [4]
Pomerantz Law Firm Announces the Filing of a Class Action Against NET Power Inc. and Certain Officers – NPWR
GlobeNewswire News Room· 2025-04-21 20:16
NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against NET Power Inc. ("Net Power" or the "Company") (NYSE:NPWR) and certain officers. The class action, filed in the United States District Court for the Middle District of North Carolina, and docketed under 25-cv-00296, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Net Power securities between June 9, 2023 and March 7, ...
Cloudflare Stock Analysis: Buy, Hold, or Sell?
The Motley Fool· 2025-04-18 15:57
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Down 39% From Its Recent Highs, Is This Artificial Intelligence (AI) Stock Finally a Buy?
The Motley Fool· 2025-04-18 10:41
Core Viewpoint - Cloudflare's stock has experienced significant volatility, dropping 39% after a strong start in 2025, despite solid fourth-quarter results and growth prospects driven by AI offerings [1][2][5]. Financial Performance - Cloudflare reported $1.67 billion in revenue for 2024, marking a 29% increase year-over-year, but this is relatively small compared to its projected total addressable market (TAM) of $222 billion by 2027 [6]. - The company's remaining performance obligations (RPO) increased by 36% year-over-year in Q4 2024, indicating a strong pipeline of future revenue [7][8]. Valuation Metrics - Cloudflare's stock is currently trading at 22 times sales and 131 times forward earnings, which are higher than its ratios at the end of 2024, suggesting that the stock has become more expensive [4][5]. Market Opportunities - The company is capitalizing on the growing demand for cloud-based AI infrastructure, offering access to Nvidia's GPUs for training large language models without the need for significant hardware investment [9][10]. - Cloudflare's recent launch of the Cloudflare for AI platform aims to secure AI applications, tapping into a rapidly growing market for AI trust, risk, and security management, which could exceed $16 billion in annual revenue over the next decade [11][12]. Future Growth Potential - Analysts forecast a pickup in Cloudflare's earnings growth in 2026 and 2027, driven by the favorable growth drivers discussed [12][13].
MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025
GlobeNewswire News Room· 2025-04-11 13:33
MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearanceto acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025  11 April 2025 – Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and p ...
Cloudflare vs. Radware: Which DDoS Stock is the Stronger Play?
ZACKS· 2025-04-10 15:15
Cloudflare (NET) and Radware (RDWR) are both serving the needs of enterprise cybersecurity, with common aims like Distributed Denial of Service (DDoS) prevention and Web Application Firewall (WAF) deployment. Beyond DDoS and WAF, Cloudflare provides Zero Trust architecture and multi-cloud security, while Radware focuses on hybrid cloud defenses.Both Cloudflare and Radware seem to gain from the accelerated growth of the cybersecurity space due to aggravated cyberattacks. Per a Mordor Intelligence report, the ...
Why Cloudflare Stock Is Rising Today
The Motley Fool· 2025-04-08 18:56
Despite another day of big volatility for the market, Cloudflare (NET 0.10%) stock is moving higher in Tuesday's trading. The company's share price was up 1.9% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was up 0.1%, and the Nasdaq Composite index was down 0.4%. Earlier today, the stock had been up as much as 7%.On the heels of dramatic sell-offs, the stock market saw recovery momentum early in today's trading. The momentum has now faded, but Cloudflare is still in the green thanks to some news on the ...
Will Cloudflare (NET) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-02 17:15
Core Viewpoint - Cloudflare (NET) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1]. Company Performance - Cloudflare has a strong track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 8.33% [2]. - In the most recent quarter, Cloudflare reported earnings of $0.19 per share against an expectation of $0.18, resulting in a surprise of 5.56%. In the previous quarter, it reported $0.20 per share compared to a consensus estimate of $0.18, achieving a surprise of 11.11% [3]. Earnings Estimates - Recent changes in earnings estimates for Cloudflare have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that stocks like Cloudflare have a nearly 70% chance of producing a positive surprise [6]. Earnings ESP Metric - Cloudflare currently has an Earnings ESP of +6.06%, indicating that analysts have recently become more optimistic about the company's earnings prospects [8]. - A positive Earnings ESP, when paired with a Zacks Rank of 3, suggests that another earnings beat may be imminent [8]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - While many companies may beat consensus EPS estimates, the Earnings ESP is a key factor in assessing the likelihood of stock price movement post-earnings release [9].
Quantum Leap: What a 40% CAGR Means for the Future of Future-Proof Secure Computing
Prnewswire· 2025-04-01 16:08
Equity Insider News Commentary Issued on behalf of Scope Technologies Corp. To support this growth, Scope has proactively invested in expanding its infrastructure. Internal benchmarks now indicate the QSE system is capable of processing millions of secure, encrypted messages per second, placing it in the same league as large-scale communication platforms such as WhatsApp and Signal—but with true round- trip quantum-resistant encryption built in. VANCOUVER, BC, April 1, 2025 /PRNewswire/ -- Equity Insider Ne ...
Cloudflare's Developer And AI Tools Fuel Long-Term Growth: Goldman Sachs Analyst Says
Benzinga· 2025-03-26 20:33
Core Viewpoint - Goldman Sachs analyst Gabriela Borges maintains a Buy rating on Cloudflare, Inc with a price target of $161, emphasizing the significant opportunity in AI inference and its rapid ramp-up potential [1] Group 1: Financial Projections - Analyst estimates that Act III products will generate $80 million in Annual Recurring Revenue (ARR) in 2024, with a potential growth to $1.3 billion by 2030, reflecting a 60% Compound Annual Growth Rate (CAGR) [2] - Borges projects fiscal 2025 revenue of $2.09 billion and Earnings Per Share (EPS) of $0.81 [4] Group 2: Capital Expenditure and Growth Indicators - Cloudflare guided capital expenditures (capex) to be 12-13% of revenue, indicating a ~40% increase due to investments in GPU rollout for AI inference demand [3] - The annual contract value (ACV) for Act III products increased by 76%, suggesting acceleration in growth, with plans to double global computing capacity this year [3][4] Group 3: Market Sentiment and Stock Performance - BofA Securities analyst Madeline Brooks also upgraded Cloudflare to Buy, raising the price target to $160, driven by growth in AI-as-a-Service and network security [5] - Despite positive analyst sentiment, NET stock closed lower by 4.98% to $121.15 on Wednesday [5]