Needham analyst Mike Cikos initiates coverage on $Cloudflare (NET.US)$ with a buy rating, and sets the target price at $110.
According to TipRanks data, the analyst has a success rate of 54.1% and a total average return of 12.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cloudflare (NET.US)$'s main analysts recently are as follows:
Cloudflare's third quarter was described as 'mixed', with the observation that a number of significant deals within the Americas were deferred to the fourth quarter, influenced by changes in the company's leadership for 2024. The process of enhancing the sales team to seize both the enterprise opportunity and a broader product opportunity, particularly in Security, is expected to be a gradual and non-linear endeavor.
Cloudflare's third-quarter results were deemed solid, yet they fell short of the heightened anticipations. The perception is that the company's current valuation aligns with its prospects for mid-to-high-20s percentage revenue growth, an upward trend in margins, and an attractive narrative surrounding artificial intelligence.
Cloudflare delivered a robust performance in Q3, yet the Q4 revenue outlook fell short of expectations. Even with the acknowledgment of some major U.S. deals being deferred due to shifts in market strategy, confidence in Cloudflare's potential across multiple areas of focus has grown.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Needham分析師Mike Cikos首次給予$Cloudflare (NET.US)$買入評級，目標價110美元。
根據TipRanks數據顯示，該分析師近一年總勝率為54.1%，總平均回報率為12.0%。
此外，綜合報道，$Cloudflare (NET.US)$近期主要分析師觀點如下：
Cloudflare的第三季度被描述爲 「喜憂參半」，據觀察，受公司2024年領導層變動的影響，美洲境內的許多重大交易被推遲到第四季度。加強銷售團隊以抓住企業機遇和更廣泛的產品機會（尤其是在安全領域）的過程預計將是一項漸進的非線性工作。
Cloudflare的第三季度業績被認爲穩健，但沒有達到更高的預期。人們認爲，該公司目前的估值與其20年代中高位收入增長百分比、利潤率上升趨勢以及圍繞人工智能的引人入勝的敘事的前景一致。
Cloudflare在第三季度表現強勁，但第四季度的收入前景不及預期。儘管承認由於市場戰略的轉變，一些美國重大交易被推遲，但人們對Cloudflare在多個重點領域的潛力的信心有所增強。
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