|Bid||0.00 x 1300|
|Ask||0.00 x 3000|
|Day's Range||72.33 - 75.19|
|52 Week Range||15.05 - 76.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||69.06|
Although shares of Cloudflare Inc (NYSE: NET) have appreciated by around 300% year to date, the stock may be interesting for high-growth software investors, according to KeyBanc Capital Markets.The Cloudflare Analyst: Alex Kurtz initiated coverage of Cloudflare with an Overweight rating and a price target of $87.The Cloudflare Thesis: The company is commencing "a multiyear campaign to reinvent core Infrastructure as a Service" and its platform could over time address a market size of $69 billion, Kurtz said in the note.He added that Cloudflare's serverless Workers product is likely to become a core competitor to Amazon.com, Inc's (NASDAQ: AMZN) AWS Lambda."We expect Cloudflare will be approaching $424M in revenue in CY20 (+48% y/y) and on pace to top $800M in ARR by 4Q22 driven to date by building a scalable global network that can enable G2Ks to quickly deploy Firewalls/DNS/DDoS servers as a Service and Load-Balancing as a Service (these products have helped drive customer count from 35K in CY16 to 103K in our 4Q20 estimate)," the analyst wrote.NET Price Action: Shares of Cloudflare declined by 4.5% to $71.70 at the time of publication Tuesday.Latest Ratings for NET DateFirmActionFromTo Dec 2020KeyBancInitiates Coverage OnOverweight Nov 2020Morgan StanleyMaintainsEqual-Weight Nov 2020NeedhamMaintainsBuy View More Analyst Ratings for NET View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Barclays Downgrades First Solar As Tariff Tailwinds Subside * Why BofA Is Upgrading Health Care REITs(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Do you want in on the next great tech revolution? Well, it’s happening before our eyes. But it’s a shift so subtle, hardly anyone recognizes the profits at stake. As I’ll show you today, these subtle shifts in computing happen once every 20 years or so. Last time, it handed investors 833% and 2,247% gains in just […]
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, as represented by the Technology Select Sector SPDR ETF (XLK), have dramatically outperformed the broader market.