Cloudflare (NET) Expected to Grow Over 30% in Revenue Amid Overblown Customer Attrition Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
- Revenue Growth Expectation: Cloudflare is projected to grow over 30% in revenue, reflecting market confidence in its sustained growth potential, despite concerns about customer attrition being deemed exaggerated.
- Customer Attrition Concerns: While there are worries regarding customer churn, analysts believe these concerns have not materially impacted the company's fundamentals, indicating Cloudflare's resilience in customer retention and market competitiveness.
- Increased Market Confidence: As the company's revenue growth expectations rise, investor confidence in Cloudflare is also strengthening, which could drive its stock price up and attract more investment.
- Strategic Positioning: Cloudflare's robust growth outlook aligns with its strategic positioning in network security and performance optimization, highlighting the company's competitive advantage in the rapidly evolving digital market.
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Analyst Views on NET
Wall Street analysts forecast NET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NET is 253.24 USD with a low forecast of 131.00 USD and a high forecast of 318.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
15 Buy
10 Hold
0 Sell
Moderate Buy
Current: 184.880
Low
131.00
Averages
253.24
High
318.00
Current: 184.880
Low
131.00
Averages
253.24
High
318.00
About NET
Cloudflare, Inc. is a connectivity cloud company. Its full suite of products consists of its website and application services to deliver security, performance, and reliability for an organization's websites, applications, and application programming interfaces (APIs); its secure access service edge (SASE) platform, which contains its suite of Zero Trust and network services solutions to help ensure traffic in and out of an organization’s internal network and devices is verified and authorized as well as to securely connect data centers, cloud services, and branch offices to an organization with its Connectivity Cloud; its developer-based solutions to build and deploy serverless applications with scale, performance, security and reliability, and its consumer offerings. Its website and application security product offerings include Web Application Firewall, Bot Management, Distributed Denial of Service Protection, API Security, SSL/TLS Encryption, Script Management, and Security Center.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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