Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-05
NET [bullish]
Cloudflare, Inc.
+134.69%
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
$68.7B
Pitch Price
$86.26
Price Target
124.00 (-39%)
Dividend
N/A
EV/EBITDA
5.5K
P/E
-660.07
EV/Sales
33.87
Sector
IT Services
Category
growth
Show full summary:
Cloudflare, Inc.: 2024 Investor Day take away
NET: Cloud services co. reaffirms LT model: 75-77% GM, 20%+ op margin. TAM to $222B by 2027. Gen AI focus: Workers AI, Firewall for AI. 2024 EPS est $0.64, 2025 $0.76. Risks: unprofitability, competition, R&D costs. Valuation high vs peers. $124 price target. 27% rev growth 2024, 30% 5yr EPS CAGR.
Read full article (7 min)