Cloudflare to Post Q3 Earnings: Buy, Sell or Hold the Stock?

Impact · against what's priced in

Cloudflare's Q3 guidance is largely a non-event for the stock price as it reinforces a growth rate of ~30% that the market has already baked into its valuation. The slight earnings guidance miss relative to consensus is a minor risk but does not shift the fundamental valuation thesis.

NET+0.00

Already priced in

The price assumes

Sustained revenue growth near 30-32%

The anticipated revenues of $736-$737 million represent year-over-year growth of approximately 30.5%, which aligns exactly with the growth rate the market already assumes.

What NET's price assumes · Sep 13

• earnings▲2%
• cloud computing▲1%
• guidance
• eps
• NET
• revenue forecast

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