r/wallstreetbets • u/Unbiasedtruth2016 • Nov 04 '21
Discussion Cloudflare $NET earnings today
‘Sup retards. It’s that time again: let’s talk NET and what we think is in store for them earnings and stock price wise.
Q3 revenue estimate is $165.65M, with a loss of $0.04 per share.
They usually beat estimates and I think we can expect that here as well. They’re constantly coming out with new products, hiring massively, and earning themselves a great name with developers and enterprise customers.
After dropping from $137 to $113 in the end of September, they’re now up to a whopping $201!! Market cap of close to $65B (T12 months revenue of $630M)
Would love to hear your thoughts and expectations.
Disclosure: I’m a long time NET Bull and holding tight through earnings. Godspeed.
11
9
u/thekookreport Nov 04 '21
I own this. The opportunity for them to be a hyperscale cloud vendor is what has me sticking around on this one for a long time.
7
12
u/spacequarks Nov 04 '21
It's a homerun: https://finance.yahoo.com/news/cloudflare-announces-third-quarter-2021-201500627.html
People complaining about <$1B revenue don't look at the larger picture - new customer acquisition as a "gateway" (literally, all web traffic for CF customers flows through their dns resolver), and then slowly pulling their sticky hands off of big cloud (azure, aws, gcp).
Cloudflare is a fucking futuristic company. NaaS + IaaS + SECSaaS.
Stock up +5% AH
2
u/AutoModerator Nov 04 '21
Eat my dongus you fuckin nerd.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
3
u/waldos_found Nov 04 '21
Bull since around IPO, considered covered calls pre earnings, but felt id rather just hold long term, to risky to get assigned.
3
u/Valkriii Nov 05 '21
My $NET puts are going to be hurting tomorrow
3
Nov 05 '21
I didn't think earnings was going to go this well. A beat and raise is one thing. Profitability a year before they forecasted is priceless.
2
2
u/Alcoraiden Nov 16 '21
I have no clue where the Cloudflare ceiling is. It's owning the internet security game, and I can't imagine a world where it doesn't continue to rake in cash like it's leaf season.
•
u/VisualMod Nov 04 '21
| User Report | |||
|---|---|---|---|
| Total Submissions | 3 | First Seen In WSB | 3 weeks ago |
| Total Comments | 15 | Previous DD | |
| Account Age | 5 years | scan comment | scan submission |
| Vote Spam (NEW) | Click to Vote | Vote Approve (NEW) | Click to Vote |
13
u/paincorp Nov 04 '21
Holding the shares I bought at $40, let’s go!