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Cloudflare Inc NET Stock Quote

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Morningstar‘s Stock Analysis NET

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Cloudflare Still Foresees Hearty Revenue Growth and Strong Revenue Retention, Maintain $82 FVE

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

Narrow-moat Cloudflare reported a strong second quarter, with results above consensus expectations for both top and bottom line. We remain confident in Cloudflare’s strong foothold within the cybersecurity space and believe the firm has much to gain from growth in edge computing. We are also impressed by Cloudflare’s flexibility in adapting to the turbulent macro environment and view adjustments to the full-year outlook as appropriate. With this, we are maintaining our fair value estimate of $82 per share. Shares rose as much as 21% after hours, but we still view the stock as attractive.

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Key Statistics NET

Company Profile NET

Business Description

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Contact
101 Townsend Street
San Francisco, CA, 94107
T +1 888 993-5273
Industry Software - Infrastructure
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Speculative Growth
Employees 3,063