$NET
Cloudflare Inc
PRICE
$56.22 ▲0.214%
Extented Hours
VOLUME
2,494,831
DAY RANGE
56.06 - 58.15
52 WEEK
37.37 - 132.45
Join Discuss about NET with like-minded investors
@trademaster #TradeHouses
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, March 24th. Please refresh for updates. First Republic Bank (NYSE:FRC) stock fell 4.8%, PacWest Bancorp (NASDAQ:PACW) stock dropped 2.8%, and Western Alliance (NYSE:WAL) stock fell 3.4% as turbulence in the banking sector continued. Deutsche Bank (NYSE:DB) stock fell 11% after a record surge in the cost of insuring against the risk of a default from the German lender late in the previous day. Block (NYSE:SQ) stock fell 2.3%, continuing to drop after losing 15% on Thursday in the wake of short-sellers Hindenburg Research accusing the payments firm of systematically misleading its investors and clients and avoiding regulation. Block denied the accusations, saying it is considering legal action. Chevron (NYSE:CVX) stock fell 2.1% and Exxon Mobil (NYSE:XOM) stock fell 2.1% after crude prices fell sharply, dropping to the lowest levels this week after the U.S. government backed away from its intention to immediately refill the Strategic Petroleum Reserve. Regeneron (NASDAQ:REGN) stock rose 0.2%, outperforming the wider market after Jefferies upgraded its stance on the pharmaceutical company to ‘buy’ from ‘hold’, saying its Dupixent drug could drive shares 15% higher. Ford (NYSE:F) stock fell 1.5% after the auto giant announced plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee. Coinbase (NASDAQ:COIN) stock fell 3.9% after Oppenheimer downgraded the cryptocurrency exchange to ‘perform’ from ‘outperform’ the day after the U.S. SEC informed the company of the possibility of an enforcement action involving some of its products. Ouster (NYSE:OUST) stock fell 8.1% after the lidar maker reported a widening of its quarterly net loss, even as CEO Angus Pacala forecast savings with its Velodyne merger.
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@dros #droscrew
yeah they've got a lot of jumbo loans and high net worth clients > @licinius said: 1st republic to recieve $30 bill of deposits from the big banks. Lol
67 Replies 13 👍 6 🔥
@dros #droscrew
To make the point, he used Nomura’s CTA model as a proxy. On the heels of last month’s dramatic hawkish repricing across the US rates complex, “the cumulative ‘short’ position across aggregate G10 bond signals has now pushed back to (short) levels last seen in June 2022, with -$88.5 billion of shorting / selling in total since December and almost -$32 billion in February 2023-to-present,” he said. In equities, the near $170 billion in short-covering and eventual net longs that helped power the rebound from October eventually gave way to a $75 billion de-leveraging episode from February 7 (following the hot US jobs report) through the beginning of March. The bottom line, McElligott said, is that “with both bonds and equities having seen such substantial resumption of shorting over the past month, any sort of ‘dovish’ catalyst (i.e. data ‘downside surprise’) could generate substantial reversal risks for higher bonds and equities on a squeeze.”
133 Replies 11 👍 10 🔥
@trademaster #TradeHouses
By Scott Murdoch, Nandan Mandayam and Yousef Saba SYDNEY/BENGALURU (Reuters) -Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concern about the group's ability to attract funding, while the conglomerate lined up more road shows to shore up investor confidence. The stake purchases by the U.S. boutique investment firm comprised the first major investment in billionaire Gautam Adani's conglomerate since a short-seller's critical report resulted in seven of the Indian group's listed firms losing more than $130 billion in market value. In the Jan. 24 report, U.S.-based Hindenburg Research noted high debt and alleged improper use of offshore tax havens and stock manipulation - which Adani denied. A dive in Adani stocks then prompted the group to shelve a $2.5 billion share sale. GQG's deal "may assuage concerns about the group's ability to raise funding for the repayment of loans against its listed company shares," said analysts at Kotak Institutional Equities. Adani will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, a document seen by Reuters showed, as the conglomerate tries to boost investor confidence. The meetings are scheduled for Dubai on March 7, London on March 8, and several U.S. locations between March 9-15, the document showed. Adani did not immediately respond to Reuters' request for comment. Earlier this week, sources said Adani has told creditors it has secured a $3 billion loan from a sovereign wealth fund. On Thursday, India's top court asked market regulator SEBI to investigate the group for any lapses related to public shareholding norms or regulatory disclosures. Overall, Adani group firms' net debt totalled $24.1 billion as of September 2022. "MARKET BOOSTER" "The stake buying yesterday was a good market booster for Adani Group stocks which have seen a long spell of underperformance and widespread selling," said Avinash Gorakshakar, head of research at Profitmart Securities. Adani firms said on Thursday that GQG had bought 3.4% of Adani Enterprises Ltd for about $662 million, 4.1% of Adani Ports and Special Economic Zone Ltd for $640 million, 2.5% of Adani Transmission Ltd for $230 million, and 3.5% of Adani Green Energy Ltd for $340 million. On Friday, shares of flagship Adani Enterprises rose as much as 14.4%, while Adani Ports surged 9.7%. Adani Green Energy and Adani Transmission jumped 5% each. GQG's Sydney-listed shares ended Friday down 3% versus a 0.4% rise in the benchmark share price index. GQG Chairman and Chief Investment Officer Rajiv Jain told Reuters the Florida-based firm had carried out its own "deep dive" into Adani and disagreed with Hindenburg's report. "Based on past comments of Rajiv Jain, he is the type of investor that goes for wherever there is unrealised value," said Morningstar analyst Shaun Ler, who covers GQG Partners. "He does not explicitly run an ESG fund, and importantly, his investors are well aware of that," he said, in reference to GQG buying into Adani, which has major coal assets and so would not fall under the environmental, social and governance banner. "There will be people who avoid buying GQG due to Rajiv's decisions; there will also be those who want to invest with them given their good performance." GQG stock is up 3.58% so far this year, in line with the benchmark index. Jain is founder, chairman and chief investment officer at GQG. He also serves as portfolio manager for all of its strategies, according to his profile on GQG's website. GQG listed on Australia's stock exchange in October 2021, raising A$1.18 billion ($794.97 million), making it Australia's largest listing for the year. Jain retains a 68.8% stake.
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@dros #droscrew
if that's what they're thinking about, i would be hard pressed to say they had a life worth living > @lucullus said: i bet no one lies on their death bed thinking about their bank balance, net worth. It will be their love ones, their regrets etc
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Key Metrics
Market Cap
16.25 B
Beta
2.64
Avg. Volume
4.12 M
Shares Outstanding
286.97 M
Yield
0%
Public Float
0
Next Earnings Date
2023-05-04
Next Dividend Date
Company Information
Cloudflare, Inc. is on a mission to help build a better Internet. Cloudflare's platform protects and accelerates any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine's Top Company Cultures 2018 list and ranked among the World's Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, Seattle, WA, New York, NY, San Jose, CA, Washington, D.C., Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.
CEO: Matthew Prince
Website: www.cloudflare.com
HQ: 101 Townsend St San Francisco, 94107-1934 California
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