FMP
Cloudflare Downgraded to Perform at Oppenheimer
Sep 24, 2021 10:38 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Cloudflare, Inc. (NYSE:NET) was downgraded to perform from outperform at Oppenheimer due to increased competition. According to the analysts, Amazon continues to disrupt the company's territory, with AWS announcing a new EC2 Edge which combines hybrid cloud and edge computing products: Outposts, Local Zones, Wavelength, and Telco.
The brokerage also believes the consensus estimates of EBITDA margin of 10.5%/13.3% for FY22/FY23 is overly optimistic. Oppenheimer believes that management plans to prioritize growth over operating margins given the competitive dynamics.
Other Blogs
Jul 10, 2024 2:34 AM - Parth Sanghvi
Capital Budgeting Techniques: NPV, IRR, and More - A Comprehensive Guide
Capital budgeting is a critical financial process that companies use to evaluate and select long-term investments or projects. It involves assessing potential expenditures and determining their profitability to ensure that resources are allocated effectively. This comprehensive guide covers essentia...
Aug 7, 2024 3:53 AM - Parth Sanghvi
The Impact of Interest Rates on the Economy and Financial Markets: A Comprehensive Analysis
Interest rates play a crucial role in the economy and financial markets, influencing everything from consumer behavior to investment decisions. Understanding their impact is essential for making informed financial and investment decisions. This comprehensive analysis delves into how interest rates a...
Sep 10, 2024 7:33 AM - Parth Sanghvi
Best Alternatives to Yahoo Finance for Downloading Historical Stock Data
When it comes to downloading historical stock data, Yahoo Finance has been a popular choice for many. However, for those looking for more comprehensive, accurate, and flexible options, Financial Modeling Prep (FMP) offers a suite of powerful tools and services that stand out as superior alternatives...
