Cloudflare (NET) stock tumbles as unchanged outlook overshadows Q1 beat
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Go back to Cloudflare (NET) stock tumbles as unchanged outlook overshadows Q1 beat
May 3, 2024 7:05 AM EDT
UBS analyst Roger Boyd lowered the price target on Cloudflare Inc. (NYSE: NET) to $76.00 (from $88.00) while maintaining a Sell rating.
The analyst comments "1Q results were generally positive with an ~average 1.4% topline beat and healthy margin beats (OpM of 11.2%, +450bps... More
May 3, 2024 6:56 AM EDT
Cantor Fitzgerald analyst Yi Fu Lee lowered the price target on Cloudflare Inc. (NYSE: NET) to $80.00 (from $100.00) while maintaining a Neutral rating.
The analyst comments "We are maintaining our Neutral rating and adjusting our Price Target to $80 from $100 based on an uncertain... More
May 2, 2024 4:21 PM EDT
Cloudflare (NYSE: NET) reported Q1 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $378.6 million versus the consensus estimate of $373.24 million.
GUIDANCE:
Cloudflare sees Q2 2024 EPS of $0.14, versus the consensus of $0.13. Cloudflare sees Q2 2024 revenue of... More
