Cloudflare Downgraded to Perform at Oppenheimer
<p><a href='https://financialmodelingprep.com/financial-summary/NET'>Cloudflare, Inc. (NYSE:NET) </a>was downgraded to perform from outperform at Oppenheimer due to increased competition. According to the analysts, Amazon continues to disrupt the company's territory, with AWS announcing a new EC2 Edge which combines hybrid cloud and edge computing products: Outposts, Local Zones, Wavelength, and Telco. </p>
<p>The brokerage also believes the consensus estimates of EBITDA margin of 10.5%/13.3% for FY22/FY23 is overly optimistic. Oppenheimer believes that management plans to prioritize growth over operating margins given the competitive dynamics.</p>

NYSE:NET