Professional
Added to YB: 2024-05-15
Pitch date: 2024-05-10
NET [bullish]
Cloudflare, Inc.
+193.16%
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
$72.24
Price Target
124.00 (-41%)
Dividend
N/A
EV/EBITDA
3.1K
P/E
-723.81
EV/Sales
34.22
Sector
IT Services
Category
growth
Show full summary:
Cloudflare, Inc.: Strong 1Q and increased guidance
NET: 1Q beat, guides up; 30.5% rev growth & expanding AI GPU capacity; raises '24 non-GAAP EPS to $0.64 from $0.60; 150 cities w/ AI inference GPUs, partnering w/ NVIDIA & others; focused on profitability but still innovating rapidly; $124 PT on expanding TAM & differentiated tech.
Read full article (12 min)