Cloudflare Proves Its Strength with Solid Fundamentals
November 16, 2023
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Cloudflare ($NYSE:NET) is an internet security company that provides a range of services to protect and accelerate websites. It has quickly established itself as an industry leader, backed by solid foundations that have enabled it to put its points of presence (POPs) in place around the world. This provides a fast, secure, and reliable platform for customers to access the internet. The company’s stock has seen strong growth over the past few years, and it has proven to be one of the most reliable investments on the market.
The company’s success is in part due to its ability to provide highly secure and reliable services, as well as its focus on continuous innovation and expanding its customer base. With strong fundamentals in place, Cloudflare is well-positioned for continued success.
Market Price
On Wednesday, CLOUDFLARE proved its strength in the market with a solid performance. The stock opened at $70.6 and closed at $70.8, representing a slight 0.3% increase from its last closing price of $70.6. This minor gain is indicative of the company’s healthy fundamentals, which contributed to the overall positive close on Wednesday. Investors were reassured by the company’s strong performance, indicating that Cloudflare is well-positioned to continue to provide solid returns in the future. 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 |
| 1.21k | -202 | -13.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cloudflare. More…
| Operations | Investing | Financing |
| 247.09 | -104.51 | -193.96 |
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 | 1.89k | 2.09 |
Key Ratios Snapshot
Some of the financial key ratios for Cloudflare are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.9% | – | -15.8% |
| FCF Margin | ROE | ROA |
| 8.5% | -17.8% | -4.6% |
Analysis
GoodWhale’s analysis of CLOUDFLARE’s financials shows that it is classified as a ‘cheetah’ in the Star Chart, which implies that it has achieved high revenue or earnings growth, but also may be considered less stable due to lower profitability. Considering its cashflows and debt, CLOUDFLARE has an intermediate health score of 6/10, which suggests that it may be able to sustain future operations in times of crisis. Investors who are interested in this type of company may benefit from the high growth potential offered by CLOUDFLARE, but should remain aware that its profitability is relatively weak. This can be seen in the Star Chart as CLOUDFLARE is strong in assets and growth, but weak in dividend and profitability. Cloudflare_Proves_Its_Strength_with_Solid_Fundamentals”>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 is an excellent company for investing analysis due to its strong fundamentals. It is a global leader in content delivery networks (CDNs) and provides a host of services, from cloud-based solutions to blockchain-based solutions. Cloudflare’s pop locations across the world make it attractive for investors looking for reliable, secure, and low latency access to their content.
Additionally, Cloudflare is continuously innovating and investing in technology, particularly in the fields of artificial intelligence and machine learning, which makes it an attractive choice for long-term investments. Cloudflare also boasts a strong financial history, with revenues growing steadily over the years and operating income consistently exceeding expectations.
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