Cloudflare Inc NET will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 18 cents in EPS and $452.10 million in revenues as the company reports after market hours.The stock is up 73.71% over the past year, 25.94% YTD.Let’s look at what the charts indicate for Cloudflare stock and how the stock currently maps against Wall Street estimates.Read Also: Cloudflare Introduces One-Click Tool To Combat Image Deepfakes And MisinformationCloudflare Stock Strongly Bullish Ahead of Q4 EarningsC ...

Cloudflare Inc. (NET) is scheduled to report fourth-quarter 2024 results on Feb. 6.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Cloudflare expects fourth-quarter revenues to be in the band of $451-$452 million. The Zacks Consensus Estimate for the top line is pegged at $451.8 million, which indicates a year-over-year improvement of 24.7%.Cloudflare expects non-GAAP earnings of 18 cents per share for the to-be-reported quarter. The consensus mark for earnings is pegged at 18 cents ...

Cloudflare (NET) shares rallied 10.7% in the last trading session to close at $139.98. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16% gain over the past four weeks.The stock got a boost from several bullish reports from research firms, including JMP Securities, Truist and Wells Fargo. All the firms raised their target price on the stock while maintaining a buy recommendation.This web security and content ...

Shares of Cloudflare (NET) have been strong performers lately, with the stock up 9.3% over the past month. The stock hit a new 52-week high of $123.13 in the previous session. Cloudflare has gained 14.3% since the start of the year compared to the 37.2% move for the Zacks Computer and Technology sector and the 41.7% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus ...

Shares of cybersecurity firm Cloudflare (NET 3.76%) were up Friday, gaining 3.9% as of 12:30 p.m. ET. The stock was up as much as 5.4% earlier in the day. The leg up comes as the S&P 500 (^GSPC 1.28%) and the Nasdaq Composite (^IXIC 1.84%) were up 1% and 1.7%, respectively.An analyst at Citigroup upgraded Cloudflare's rating, helping to boost the stock.Higher highsIn a research report on Friday, Citi's Fatima Boolani upgraded Cloudflare from neutral to buy, adjusting her price target for Cloudflare stock fr ...

The latest trading session saw Cloudflare (NET) ending at $114.82, denoting a +0.3% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.The the stock of web security and content delivery company has risen by 4.93% in the past month, leading the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.56%.The upcoming earnings release of Cloudfl ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Stock Performance - Cloudflare (NET) shares surged 43.1% over the past year, outperforming the Zacks Computer and Technology sector (33.1%) and the S&P 500 (25%) [1] - The stock also outperformed industry peers such as CrowdStrike (CRWD), DataDog (DDOG), and Fastly (FSLY) [1] Financial Performance - Cloudflare reported third-quarter 2024 non-GAAP earnings of 20 cents per share, a 29.4% year-over-year increase [4] - Third-quarter revenues reached $430.1 million, a 28.2% year-over-year growth [4] - The company surpassed the Zacks Consensus Estimate for earnings in the trailing four quarters, with an average surprise of 25.5% [3] Revenue and Earnings Estimates - Zacks Consensus Estimate for Q4 2024 sales is $451.80 million, with a year-over-year growth estimate of 24.65% [7] - Q1 2025 sales are estimated at $471.32 million, with a 24.49% year-over-year growth [7] - Full-year 2024 sales are projected at $1.66 billion, a 28.12% increase from the previous year [7] - EPS estimates for Q4 2024 are $0.18, with a 20% year-over-year growth [7] - Full-year 2024 EPS is estimated at $0.74, a 51.02% increase from the previous year [7] Product Innovation and Partnerships - Cloudflare has integrated artificial intelligence (AI) into its solutions, launching numerous AI-based products [5] - The company has collaborated with major AI players such as NVIDIA and Microsoft, strengthening its portfolio and strategic partnerships [5] Customer Base - Cloudflare secured 219 large customers paying over $100,000 annually in Q3 2024 [12] - The company serves 35% of Fortune 500 companies, reflecting a high-quality and prestigious customer base [12] Valuation Concerns - Cloudflare is trading at a forward 12-month P/S ratio of 19.04, significantly higher than the Zacks Internet – Software industry average of 3.02 [9] - The premium valuation raises concerns about the stock's sustainability and potential downward risk [9]

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. ...

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