Key Takeaways:
- Cloudflare (NET, Financial) is expected to report steady earnings with a significant revenue rise.
- Analysts project a 17.06% upside potential from the current stock price.
- Cloudflare maintains an "Outperform" rating, with a favorable GF Value estimate.
CloudFlare Inc. (NET) is gearing up to announce its first-quarter earnings results after the market closes on May 8th. Analysts are maintaining expectations for earnings per share (EPS) to hold steady at $0.16, while projecting a robust 24% year-over-year increase in revenue, reaching $469.44 million. Despite these optimistic revenue forecasts, recent shifts in sentiment showcase mixed perceptions, marked by notable downward adjustments in both earnings and revenue estimates.
Insight into Wall Street Projections
According to one-year price estimates from 28 financial analysts, Cloudflare Inc. (NET, Financial) is eyed with an average target price of $142.47. These projections span a high of $200.00 and a low of $68.00, suggesting an upside potential of 17.06% from the present trading price of $121.71. For investors seeking a deeper dive into these projections, more comprehensive data is accessible on the Cloudflare Inc (NET) Forecast page.
The consensus recommendation from 34 brokerage firms positions Cloudflare Inc.'s (NET, Financial) stock at an average brokerage recommendation of 2.4, translating to an "Outperform" status. The rating scale utilized ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
Moreover, according to GuruFocus estimates, the projected GF Value for Cloudflare Inc. (NET, Financial) one year from now stands at $140.97. This suggests a potential upside of 15.82% relative to its current price of $121.71. The GF Value signifies GuruFocus' fair value estimation, derived from historical trading multiples, previous business growth, and anticipated future performance metrics. Investors can explore further detailed insights on the Cloudflare Inc (NET) Summary page.
