Cloudflare (NET) Stock

At the end of the last trading day, Cloudflare (NET) was priced at $111.58, which represents a decrease of 0.99% compared to the day before.

At the end of the last trading day, Cloudflare (NET) was priced at $111.58, which represents a decrease of 0.99% compared to the day before.

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), a top company in connectivity cloud services, has released its fourth annual Impact Report today.

NET Power's natural gas technology produces electricity with almost no emissions and does not require battery storage, making it an important option for increasing electricity needs. This technology captures 97% of CO2 emissions, offering a quicker and cheaper solution for low-carbon power compared to nuclear energy. With strong partnerships with Baker Hughes and Occidental Petroleum, as well as a solid financial position, NET Power is well-equipped for future growth and commercialization.

Lately, users of Zacks.com have been focusing on Cloudflare (NET). Therefore, it's important to take a look at what this stock might offer.

Jim Tierney from AllianceBernstein recently shared with Yahoo Finance that companies like Nvidia were the initial part of the artificial intelligence (AI) market. He thinks the next stage will concentrate on cloud computing and software firms that utilize AI chips to offer services to their clients.

Cloudflare is projected to achieve $5.07 billion in revenue by 2029, with a 25% annual growth rate and a 25% EBITDA margin, similar to established companies in cloud security. The estimated enterprise value of $101.4 billion suggests a 21.1% compound annual growth rate, but investors should be careful due to high valuations, market fluctuations, and execution challenges. Given its strong market presence and skilled management, Cloudflare is considered a Moderate Buy, particularly for those looking to invest in growth despite potential valuation risks.

While NET has a solid market position and an increasing number of customers, its high valuation and decreasing growth rates suggest that we should be careful.

As the demand for AI grows in various industries, there are concerns on Wall Street about whether chipmakers and operators can keep up. Cloudflare's Chief Technology Officer, John Graham-Cumming, believes that we are witnessing significant growth in real AI applications. He discusses the overall AI landscape and the increasing need for Nvidia's important chips in a conversation with Seana Smith and Madison Mills on Yahoo Finance's Catalysts.