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home / news releases / NET - Cloudflare: Apple Intelligence And Workers AI Opportunities (Rating Upgrade)

NET - Cloudflare: Apple Intelligence And Workers AI Opportunities (Rating Upgrade)

Cloudflare Inc - Class A

2024-07-05 09:04:38 ET

Summary

  • Cloudflare stock is down 12% since the last bearish thesis.
  • Revenues have grown by double-digits, while margins have improved and customer retention has been stabilized.
  • There is potential for increased sales through Apple Intelligence and Workers AI, leading to a 14.2% upside in share price.

Since I last covered Cloudflare ( NET ) on April 5 in my bearish thesis entitled: "AI Overenthusiasm and Facing Cost Pressures (Rating Downgrade)", the cloud networking and cybersecurity company is down by around 12% and was trading at $84.53 at the time of writing....

For further details see:

Cloudflare: Apple Intelligence And Workers AI Opportunities (Rating Upgrade)
Stock Information
Company Name: Cloudflare Inc - Class A
Stock Symbol: NET
Market: NYSE
Website: cloudflare.com
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