FMP
Feb 12, 2024 3:51 PM - Davit Kirakosyan
Goldman Sachs analysts increased the price target for Cloudflare (NYSE:NET) to $89 from the previous $45, while maintaining a Neutral rating. The analysts admitted to underestimating the stock's performance over the past year but pointed to several positive aspects in the company's recent quarterly commentary. These include a 40% year-on-year increase in new Annual Contract Value (ACV), with noticeable improvements in pipeline close rates, sales force productivity, deal sizes, and quarter-over-quarter sales linearity.
The report also highlighted an acceleration in Current Remaining Performance Obligations (RPO) growth to 37% in the fourth quarter from 30% in the third, despite a challenging macro environment and signs of budget easing, particularly within US enterprises.
Cloudflare's Zero Trust product has seen significant customer adoption in the fourth quarter. Additionally, the appointment of Mark Anderson as President of Revenue is expected to strengthen Cloudflare's sales of security/zero trust solutions and its engagement with enterprise customers, leveraging his experience from Palo Alto Networks.
Despite the increased optimism, the Neutral rating is reiterated as the analysts believe the current valuation fully encapsulates a highly optimistic scenario.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...