Yahoo Finance Why Cloudflare (NET) is a Top Growth Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Cloudflare (NET)
Headquartered in San Francisco, CA, Cloudflare Inc. is a global cloud services provider that delivers a suite of deeply integrated products, including website and application services solutions, Cloudflare One, developer-based solutions and consumer offerings.
NET is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 26.5% year-over-year for the current fiscal year, with sales growth of 27.3%.
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $0.62 per share. NET also boasts an average earnings surprise of 37.7%.
On a historic basis, Cloudflare has generated cash flow growth of 28.4%, and is expected to report cash flow expansion of 270.4% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, NET should be on investors' short lists.
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Cloudflare, Inc. (NET) : Free Stock Analysis Report
