Cloudflare's Secure Network Can Be Its Golden Ticket For Growth (Earnings Preview)
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Cloudflare, Inc. is expected to report Q3 '24 earnings with a forecast of $424 million in revenue and $0.18/share EPS. Analysts have upgraded EPS forecasts twice in the last 90 days. The company's secure network and edge privacy features for AI inferencing are key growth drivers, with a 30% revenue growth in Q2 '24.
November 06, 2024 | 2:45 pm
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Cloudflare's Q3 '24 earnings forecast is $424 million in revenue and $0.18/share EPS. Analysts have upgraded EPS forecasts twice in the last 90 days, indicating positive sentiment. The company's secure network and AI privacy features are expected to drive growth.
The positive earnings forecast and recent analyst upgrades suggest a favorable outlook for Cloudflare. The company's focus on secure network and AI privacy features aligns with current market trends, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100