Strs Ohio Increases Investment in Cloudflare, in Q1
July 29, 2023
🌥️Trending News
This news comes after Cloudflare ($NYSE:NET), Inc. reported their most recent financial filings, which showed a major increase in Strs Ohio’s stake in the company. Cloudflare, Inc. is an American web infrastructure and website security company that provides content delivery network services, DDoS mitigation, Internet security, and distributed domain name server services. They also offer advanced web performance and security solutions to businesses as well as peace of mind for consumers.
It’s no surprise that Strs Ohio has chosen to invest in Cloudflare, Inc. With a growing presence in the cybersecurity industry, Cloudflare has the potential to become a major player in the sector and is well-positioned to capitalize on the exponential growth of cyber threats. With this increased investment from Strs Ohio, Cloudflare is set up to realize its full potential and build upon its already impressive track record of success.
Market Price
On Friday, Cloudflare stock opened on the New York Stock Exchange at $66.0 and closed at $66.9, up by 3.4% from the prior closing price of $64.8. The rise in value of CF shares signals the confidence that Strs Ohio has in the cloud security company’s potential. Cloudflare is a leader in providing web performance and security solutions to businesses and individuals around the world.
Their products are designed to help organizations keep their applications safe and running efficiently. The increased investment from Strs Ohio will further support Cloudflare’s mission of building a better Internet for everyone. 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 |
| 1.05k | -190.08 | -18.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cloudflare. More…
| Operations | Investing | Financing |
| 195.48 | -109.32 | 21.85 |
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 |
| 2.67k | 2.01k | 1.97 |
Key Ratios Snapshot
Some of the financial key ratios for Cloudflare are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 49.3% | – | -17.2% |
| FCF Margin | ROE | ROA |
| 3.7% | -17.7% | -4.2% |
Analysis
GoodWhale’s Risk Rating for CLOUDFLARE shows that it is a medium risk investment in terms of its financial and business aspects. A detailed analysis of CLOUDFLARE’s fundamentals can be done using GoodWhale, providing investors with a comprehensive picture of the company’s long-term prospects. On reviewing the balance sheet and cashflow statement of CLOUDFLARE, GoodWhale has detected two risk warnings. To find out more details, become a registered GoodWhale user and get access to its powerful risk analysis tools. This will help investors make informed decisions when considering CLOUDFLARE as a potential investment. 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. is a company that provides cloud-based services and solutions to enhance website security, performance, and reliability. Recently, Strs Ohio has purchased a significant stake in Cloudflare, which has caused the stock price to move up on the same day. The company has a robust portfolio of services and offers competitive prices for their products.
Cloudflare also has a large customer base that continues to grow, and their products have been well received by the market. In conclusion, investing in Cloudflare could be a profitable venture, as its promising portfolio and strong customer base provide a compelling case for growth and potential returns.
Related Posts
Recent Posts
