They reported a positive quarter but the street didn't like its forecast: a lighter sales cycle, macroeconomic uncertainty. The 21% plunge was an overreaction, though shares have recovered.
Is confident they can recover from a couple of bad quarters. Shares should be higher.
Cloudflare is a American stock, trading under the symbol NET-N on the New York Stock Exchange (NET). It is usually referred to as NYSE:NET or NET-N
In the last year, 5 stock analysts published opinions about NET-N. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cloudflare.
Cloudflare was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Cloudflare.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Cloudflare In the last year. It is a trending stock that is worth watching.
On 2023-10-02, Cloudflare (NET-N) stock closed at a price of $62.98.
Shares popped 7% today when they announced several AI initiatives. A longtime favourite of his. They have partnerships with Nvidia, Microsoft and Meta. They help businesses operate more efficiently.