CloudflareNYSE: NET

Cloudflare (NET) closed at $89.52 in the latest trading session, marking a +1.8% move from the prior day.

Zacks.com users have recently been watching Cloudflare (NET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

SAN FRANCISCO & LISBON, Portugal--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the opening of a new headquarters and technical hub in Lisbon, Portugal to further support its growing EMEA operations and offices in London, Paris, Munich, and Dubai. Portugal already represents a growing Cloudflare team. Today, Cloudflare's network currently spans 58 cities in Europe, including Lisbon, Portugal, which was announced in 2016. Cloudflare announ.

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Received initial $821 million tranche of strategic minority investment from Scotiabank; Common Equity Tier 1 ratio of 10.8% and Tangible Common Equity ratio of 6.2%(b) Net interest income up 7% quarter-over-quarter, with average deposits up 2.5%; Client deposits were up 4% year-over-year Continued strong fee momentum across investment banking, commercial mortgage servicing, commercial payments, and wealth management Nonperforming assets and provision for credit losses were stable to improved quarter-over-quarter CLEVELAND , Oct. 17, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net loss from continuing operations attributable to Key common shareholders of $(447) million, or $(.47) per diluted common share, or adjusted net income of $290 million or $.30 per diluted common share(a), for the third quarter of 2024. Included in the third quarter of 2024 are $(737) million, or $(.77) per diluted common share, after-tax, of charges related to the loss on the sale of securities(c).

Although NET's strong market position and expansion in the AI market are encouraging, high valuation warrants caution.

In the latest trading session, Cloudflare (NET) closed at $93.75, marking a +0.3% move from the previous day.

Cloudflare's stock has been rising, and recent developments suggest further upside potential. The acquisition of Kivera enhances Cloudflare's security, data protection, and compliance capabilities for preventative cloud control. The company also appointed an executive from a rival firm. Gartner's analysis highlights the cloud and AI-driven upside for cybersecurity providers.

BERWYN, Pa. , Oct. 10, 2024 /PRNewswire/ -- Attracting and retaining high-net-worth (HNW) investors as lifelong clients is a critical focus for many financial advisors, yet the path to successfully engaging this lucrative client segment remains complex.