Net Stock Quote: Cloudflare Inc Financial Overview

Cloudflare Inc is a leading internet performance and security company that provides a range of services to businesses and organizations. Its stock is publicly traded on the New York Stock Exchange under the ticker symbol NET.

Cloudflare's financial performance has been impressive, with a market capitalization of over $20 billion. The company's revenue has been growing steadily, with a significant increase in recent years.

The company's net income has also been increasing, with a notable turnaround in profitability in 2020. This is a testament to Cloudflare's strong business model and ability to execute on its vision.

Cloudflare's revenue has been on the rise, with a notable increase of 32.97% in 2023 compared to the previous year's $975.24 million.

The company's financial performance in 2023 was impressive, with a revenue of $1.30 billion. This growth is a testament to the company's expanding services and customer base.

Cloudflare's revenue growth has been steadily increasing over the years, with a 48.97% growth in FY 2019, followed by 50.18% in FY 2020, and 52.28% in FY 2021. In FY 2022, the revenue growth slowed down to 48.57%.

Here's a breakdown of Cloudflare's revenue growth over the years:

Cloudflare's losses have also been decreasing, with a loss of -$183.95 million in 2023, which is a 4.88% decrease from the previous year's loss.

The company's earnings per share (EPS) have also been improving, with a projected EPS of 0.86 in FY 2025 and 1.08 in FY 2026.

Cloudflare's revenue has been steadily increasing, with a 32.97% jump in 2023 to $1.30 billion, compared to the previous year's $975.24 million.

The company's losses have also been decreasing, with a 4.88% decrease in 2023 to -$183.95 million, compared to the previous year.

Cloudflare's share price has seen significant growth, with a 52-week high of $119.42 and a 52-week low of $66.24.

Here's a breakdown of Cloudflare's share price changes over the past year:

Cloudflare's diluted EPS (TTM) has been negative, at -$0.27, and the company's revenue growth YOY has been steady, at 28.2%.

In terms of financial forecasts, Cloudflare's revenue is expected to continue growing, with a predicted revenue of $1.68 billion in 2024 and $2.11 billion in 2025.

The company's EPS is also expected to turn positive, with a predicted EPS of $0.75 in 2024 and $0.86 in 2025.

Here's a summary of Cloudflare's financial forecast:

Cloudflare's shareholder returns have been impressive, with a 50.4% return over the past year, exceeding the US IT industry's 14.6% return and the US Market's 24.1% return.

Cloudflare is expected to reach $5.07 billion in revenue by 2029, with a 25% EBITDA margin, which is a significant growth milestone.

The company's high-growth investment carries one big risk, which is worth considering before investing.

Cloudflare's Q3 results showed decent top- and bottom-line beats, indicating a strong financial performance.

However, the results were marred by slowing revenue growth and conservative Q4 guidance, which may be a cause for concern.

Cloudflare is deepening its impetus with large enterprise clients, which is a positive trend for the company's growth.

Its Q3 FY24 earnings show continued momentum in $100K+ ARR customers and growing operating leverage, which is a good sign for investors.

Cloudflare's price target has been raised to $120/share, representing an upside of 33%, which may be attractive to investors looking for growth.

Cloudflare's stock price is at an important resistance level, trading at $112.55, a few points below the key resistance level.

The market is assessing whether Cloudflare has more upside after soaring 41% in 2024, which is a significant increase.

Cloudflare's stock price is near a potential bullish breakout, as traders wait to see if it will surpass the resistance level.

A Golden Cross, a classic bullish signal, has been flashed by Cloudflare's stock, indicating a possible next growth phase.

This signal has technical traders buzzing, as it suggests that Cloudflare's stock may be poised for further gains.