Cloudflare, Inc. (NET) – A quarter with growth & collaboration

Cloudflare, Inc. (NET) (Q2FY23)

Stock Price Movement: Cloudflare stock price increased by 9.19% in the past 1-year. It had a 52-week high of $76.07 and a 52-week low is $37.37. The price showed a downtrend in the past 3-month period and gave -10.80% returns.

Quarter Performance: For Q2FY23, Revenue increased by $74mn, or 32% as compared to Q2FY22. The increase in revenue was primarily due to the addition of new paying customers, which increased by 15% during Q2FY23, as well as expansion within the existing paying customers.

Guidance: For FY23, Cloudflare anticipates revenues between $1,283mn and $1,287mn. Operating income is expected in the range of $81mn and $85mn. Non-GAAP diluted EPS is expected to be ~$0.37.

Highlights

Cloudflare and Microsoft have collaborated to make it easier for companies to run AI
workloads at the edge, closer to their users. This partnership enables developers to deploy AI models globally without worrying about managing infrastructure or paying for unused computing capacity. Using Cloudflare’s global network, businesses can improve performance and reduce the latency of AI workloads at the edge.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Crispidea Coverage

No of Pages: 31

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