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:
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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分析师Mike Cikos首予$Cloudflare (NET.US)$买入评级，目标价110美元。
根据TipRanks数据显示，该分析师近一年总胜率为54.1%，总平均回报率为12.0%。
此外，综合报道，$Cloudflare (NET.US)$近期主要分析师观点如下：
Cloudflare的第三季度被描述为 “喜忧参半”，据观察，受公司2024年领导层变动的影响，美洲境内的许多重大交易被推迟到第四季度。加强销售团队以抓住企业机遇和更广泛的产品机会（尤其是在安全领域）的过程预计将是一项渐进的非线性工作。
Cloudflare的第三季度业绩被认为稳健，但没有达到更高的预期。人们认为，该公司目前的估值与其20年代中高位收入增长百分比、利润率上升趋势以及围绕人工智能的引人入胜的叙事的前景一致。
Cloudflare在第三季度表现强劲，但第四季度的收入前景不及预期。尽管承认由于市场战略的转变，一些美国重大交易被推迟，但人们对Cloudflare在多个重点领域的潜力的信心有所增强。
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