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Cloudflare, Inc. (NYSE:NET) President and Board Co-Chair Michelle Zatlyn has recently completed significant stock transactions, according to a filing with the Securities and Exchange Commission. Over the past few days, Zatlyn sold a total of 73,924 shares of Class A Common Stock, amounting to approximately $13.4 million. The shares were sold at prices ranging from $171.36 to $180.11 per share, near the stock’s 52-week high of $181.81. The timing is notable as Cloudflare shares have delivered an impressive 152% return over the past year, according to InvestingPro data.
These transactions were part of a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. Following these sales, Zatlyn retains ownership of a substantial number of shares through various trusts and direct holdings, as detailed in the filing. The company maintains strong fundamentals with a 76.88% gross profit margin, though InvestingPro analysis indicates the stock is trading above its Fair Value. For deeper insights into Cloudflare’s valuation and 18 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Cloudflare Inc . has reported impressive first-quarter financial results for fiscal year 2025, surpassing both its own guidance and analysts’ expectations. The company’s revenue, operating income, and cash flow metrics all exceeded estimates, with the largest top-line revenue beat since the third quarter of 2020. Notably, Cloudflare secured its largest deal ever, a five-year contract valued at $130 million, and its longest Secure Access Service Edge (SASE) contract, spanning seven years and worth $12.7 million. Analysts from Stifel, RBC Capital, and TD Cowen have maintained positive ratings, reflecting confidence in Cloudflare’s growth potential and strategic achievements.
Additionally, Cantor Fitzgerald raised its price target for Cloudflare to $126, citing a surge in sales productivity and the effectiveness of the company’s go-to-market strategy. The firm also highlighted Cloudflare’s achievement of the highest net new Annual Contract Value (ACV) in three years. Meanwhile, Cloudflare and TD SYNNEX (NYSE:SNX) have expanded their partnership to enhance cybersecurity services in Latin America, aiming to simplify operations and reduce costs for Managed Security Services Partners (MSSPs).
The collaboration between Cloudflare and TD SYNNEX is designed to address the increasing cyber threats in the region, with Cloudflare reporting an average of 30 billion cyber threats blocked daily in Latin America during the first quarter of 2025. This strategic move is expected to empower MSSP partners with a cost-effective security stack tailored to the region’s needs. As Cloudflare continues to secure significant contracts and expand its market reach, analysts remain optimistic about the company’s trajectory and growth opportunities.
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