$NET Cloudflare $29 target

7 mai 2020

China Partnership
Under a new strategic partnership, Cloudflare (NET -4.6%) will team with JD Cloud & AI (JD -3.2%) to expand NET's network in China to an additional 150 data centers.
Cloudflare currently has 17 mainland China data centers through an agreement with Baidu, a longstanding partnership that will continue.
Cloudflare is providing its expertise in building out the network, while JD supplies the capital and the infrastructure.
NET expects it to take at least three years for the new data centers to go online. Source Seekingalpha


Recent upgrades
Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Cloudflare (NET) today and set a price target of $27.00. The company’s shares closed last Monday at $23.67.
In a report issued on May 1, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare (NET), with a price target of $24.00. The company’s shares closed last Friday at $22.84.


Company profile
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn and Lee Holloway in 2009 and is headquartered in San Francisco, CA.

7 mai 2020

Note

7 mai 2020

Trade fermée: cible de profit atteinte

8 mai 2020

Note

Considerable selling in the after hours post results, good to get out as targets got hit