Added to YB: 2024-05-13
Pitch date: 2024-05-05
NET [bullish]
Cloudflare, Inc.
+183.51%
current return
Author Info
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Company Info
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
Market Cap
$74.8B
Pitch Price
$74.70
Price Target
135.00 (-36%)
Dividend
N/A
EV/EBITDA
3.1K
P/E
-723.81
EV/Sales
34.22
Sector
IT Services
Category
growth
Show full summary:
Cloudflare's Q1 Performance and Growth Prospects (Needham)
NET beat Q1, guided up Q2 but maintained FY due to macro caution despite strong fundamentals. Strengthening pipeline, sales productivity, large customer growth to 67% of rev. DBNR 115%. Needham sees guidance de-risked, PT $135 on hiring, new CRO, product uptake. Trades rich but upside on share gains.
Read full article (2 min)