Cloudflare Defies Market Volatility, Stock Price Up 4.94 in 2023
March 26, 2023
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Cloudflare ($NYSE:NET) Inc. has defied market volatility, achieving a stock price increase of 4.94 in 2023. This is despite the fact that recent days have seen a considerable amount of turmoil in the financial markets. The stock price rose from its previous closing price of 55.44, and despite the instability of the markets, Cloudflare Inc. has still managed to show resilience and stability. The increase in stock price is a testament to the company’s standing in the market and its ability to ride out the storm of market volatility. Despite the current market conditions, Cloudflare Inc. has been able to maintain its stock price and remain a prominent player in the tech industry.
This is an encouraging sign for investors as it demonstrates that the company can stay strong even during times of economic uncertainty. The rise in stock price reflects positively on Cloudflare Inc.’s performance and outlook for the future. It is also indicative of the faith that investors have in the company and its ability to weather any storm that comes its way. As the market conditions continue to be unpredictable, Cloudflare Inc.’s ability to withstand market volatility and post positive stock gains will be a source of reassurance for investors.
Price History
Media exposure for the company has been mostly positive, which may be one reason for its success. On Friday, Cloudflare‘s stock opened at $57.7 and closed at $56.6, a decrease of 2.6% from the previous closing price of 58.2. Despite the minor dip, investor confidence in Cloudflare continues to remain strong, as it continues to defy market volatility and post positive returns year-on-year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cloudflare. More…
| Total Revenues | Net Income | Net Margin |
| 975.24 | -193.38 | -19.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cloudflare. More…
| Operations | Investing | Financing |
| 123.59 | -235.7 | 6.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cloudflare. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.59k | 1.96k | 1.89 |
Key Ratios Snapshot
Some of the financial key ratios for Cloudflare are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.3% | – | -19.0% |
| FCF Margin | ROE | ROA |
| -4.1% | -19.1% | -4.5% |
Analysis
At GoodWhale, we perform financial analysis on companies like CLOUDFLARE to help investors make more informed decisions. From the Star Chart, CLOUDFLARE is strong in growth, medium in asset, and weak in dividend and profitability. It has an intermediate health score of 6/10, as its cashflows and debt indicate that it is likely to pay off debt and fund future operations. We classify CLOUDFLARE as a ‘cheetah’ company; one which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. What type of investor may be interested in such a company? Investors looking to take advantage of CLOUDFLARE’s high growth potential may be willing to take on the risk of increased volatility due to its weaker profitability prospects. This could include venture capitalists, angel investors, and other short-term investors. More…
Peers
Cloudflare Inc is a leading provider of internet security and performance services. Its main competitors are Okta Inc, Ubiquitous AI Corp, NetLinkz Ltd.
– Okta Inc ($NASDAQ:OKTA)
Okta, Inc. is a publicly traded company with a market capitalization of $8.27 billion as of April 2021. The company provides a platform that helps organizations manage and secure user identities and access to applications. Okta’s products are used by more than 8,000 customers, including some of the world’s largest companies. The company has a negative return on equity of 9.74% as of April 2021.
– Ubiquitous AI Corp ($TSE:3858)
Ubiquitous AI Corp is a leading provider of artificial intelligence technology and services. The company has a market cap of 4.16B as of 2022 and a return on equity of 0.0%. Ubiquitous AI Corp is a pioneer in the development and application of artificial intelligence technology. The company’s technology is used in a wide range of industries, including automotive, healthcare, finance, manufacturing, and retail.
– NetLinkz Ltd ($ASX:NET)
NetLinkz Ltd is a publicly traded company with a market capitalization of 81.85 million as of 2022. The company has a Return on Equity of -33.68%. NetLinkz is a provider of software-defined networking and security solutions. The company’s products are used by enterprises, service providers, and government organizations to improve network performance and security.
Summary
Cloudflare Inc. has proved to be resilient amidst market volatility in 2023, with its stock price increasing by 4.94%. So far, the media coverage of the company has been largely positive. Investors looking for a tech-based investment should consider Cloudflare, with its strong market performance and positive spotlight in the industry. Its cloud platform provides a range of services, such as DDOS protection, security, and content delivery, to businesses of all sizes across the world.
Cloudflare’s cutting-edge products and services are continuously advancing, supporting its continued growth in the market. As such, investing in Cloudflare is likely to be a good long-term decision.
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