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Cloudflare (NET): New Sell Recommendation for This Technology Giant

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

Guggenheim analyst John Difucci maintained a Sell rating on Cloudflare today and set a price target of $140.00.

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According to TipRanks, Difucci is a 5-star analyst with an average return of 17.4% and a 61.39% success rate. Difucci covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, ServiceNow, and Zscaler.

Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $4,087.13.

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Based on Cloudflare’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $639.76 million and a GAAP net loss of $22.93 million. In comparison, last year the company earned a revenue of $479.09 million and had a GAAP net loss of $38.45 million

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