Latest news with #Atlassian
Yahoo
19 hours ago
- Business
- Yahoo
Should You Buy, Sell or Hold NET Stock After a 68.5% YTD Surge?
Cloudflare NET has enjoyed a remarkable 68.5% surge in the year-to-date period, outperforming the Zacks Internet - Software industry's return of 12.9%. With such a stellar performance, investors are left wondering — should they double down on NET stock, or is caution the wiser path? Image Source: Zacks Investment Research Cloudflare's secure access service edge (SASE) platform is gaining rapid adoption among enterprises as it offers modernized and simplified network security and connectivity. NET recently secured its longest SASE deal in the first quarter of fiscal 2025. The company has also expanded its geographical reach in Latin America through collaboration with TD SYNNEX. Since Cloudflare provides an end-to-end cloud-based secured SASE solution that simplifies the adoption process for its clients, it is winning larger deals. Cloudflare combines its Zero Trust security products like Cloudflare Gateway, remote browser isolation and cloud access security broker with its Network Services like Magic WAN, Magic Transit and Magic Firewall, Cloudflare Network Interconnect. Cloudflare's presence is rapidly expanding in the Zero Trust cybersecurity space, where it has made integrations with companies like Atlassian, Microsoft and Sumo Logic, to enable small, medium and large-sized businesses to secure reliable tools and applications with enterprise-ready Zero Trust security. Based on this approach, NET has been witnessing tremendous customer growth in Zero Trust solutions and network services like Magic Transit in Cloudflare One. For instance, Cloudflare One Zero Trust platform is used by more than 10,000 companies worldwide. Cloudflare Workers started as a serverless platform where developers could build, deploy, and scale applications across Cloudflare's global network. The platform was developed for convenience as it enables developers to take actions using a single command and reduces infrastructure management and configuration complexities and brings applications closer to users. The Workers AI tool integrated in the Workers developer platform has witnessed an explosive 4,000% year-over-year surge in inference requests as reported in first-quarter earnings. Cloudflare is now focusing on enriching its Workers platform with the Model Context Protocol server, which will enable clients to deploy AI agents to simplify tasks like managing workflows, handling transactions, or querying business data. These value additions to its platform will lead to upsells and customer acquisition, hence boosting this platform's growth. In its latest quarterly results, NET announced that its total customer base has reached the milestone of 250,819 paying customers, up 27% year over year. Due to all these positive factors, analysts are optimistic about the stock's future growth. The Zacks Consensus Estimate for fiscal 2025 and 2026 revenues is projected to grow 25.38% and 26%, respectively. The Zacks Consensus Estimate for 2025 and 2026 earnings is projected to grow 5.3% and 31.6%, respectively. Cloudflare beat the Zacks Consensus Estimates in three of the trailing four quarters while matching the same on one occasion, with an average surprise of 14.88%. Cloudflare, Inc. price-consensus-eps-surprise-chart | Cloudflare, Inc. Quote A substantial portion of the company's sales is derived from outside the United States. During the full years 2024, 2023, 2022, 2021 and 2020, NET earned approximately 49%, 48%, 47%, 48% and 49%, respectively, of its revenues from outside the United States. However, the U.S. government's aggressive stance on tariffs toward major economies is a concern for Cloudflare. Moreover, NET operates in a highly competitive environment. In its content delivery space, companies like Amazon AMZN, Akamai Technology and Fastly compete with Cloudflare. While in the cyber security space, a range of competitors like Palo Alto Networks PANW and Zscaler ZS compete with it. Amazon also competes with its developer platform through its general-purpose serverless and container-based edge deployment solutions. Alphabet is implementing AI in its Cloud Run solution, Amazon's AWS Lambda & Lambda@Edge leverage deep integrations with AWS services, robust tooling, and a mature developer base. Additionally, AWS Fargate is the AWS service that also enables serverless compute for containers. These solutions threaten the dominance of Cloudflare's developer platform. Palo Alto Networks' SASE platform has an active customer user base of more than 6,000. Palo Alto Networks achieved 36% year-over-year growth in SASE ARR and 16% growth in $1 million-plus deals in the third quarter of fiscal 2025, making it a dominant SASE player. Zscaler, on the other hand, leads the Zero Trust space and also offers SASE solutions. The company offers Zero Trust Network Access solutions through Zscaler Private Access, which enables secure application access without VPN. ZS is now moving toward the Zero Trust Everywhere model, which secures cloud, endpoint and network. Zscaler also provides a full SASE platform by combining identity access, private access and cloud protection. Cloudflare is trading at a 12-month forward P/S ratio of 25.43X, significantly above the industry average of 6.97X. Image Source: Zacks Investment Research While Cloudflare's recent stock surge and strong market position are encouraging, its high valuation warrants caution. Therefore, we believe new investors should wait for a better entry point and existing investors should retain Cloudflare, which currently carries a Zacks Rank #3 (Hold), given the modest growth prospects and a stretched valuation in the near term. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Zscaler, Inc. (ZS) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
a day ago
- Business
- Globe and Mail
Should You Buy, Sell or Hold NET Stock After a 68.5% YTD Surge?
Cloudflare NET has enjoyed a remarkable 68.5% surge in the year-to-date period, outperforming the Zacks Internet - Software industry's return of 12.9%. With such a stellar performance, investors are left wondering — should they double down on NET stock, or is caution the wiser path? Cloudflare YTD Performance Chart Strength in SASE and Zero Trust Aids Cloudflare's Growth Cloudflare's secure access service edge (SASE) platform is gaining rapid adoption among enterprises as it offers modernized and simplified network security and connectivity. NET recently secured its longest SASE deal in the first quarter of fiscal 2025. The company has also expanded its geographical reach in Latin America through collaboration with TD SYNNEX. Since Cloudflare provides an end-to-end cloud-based secured SASE solution that simplifies the adoption process for its clients, it is winning larger deals. Cloudflare combines its Zero Trust security products like Cloudflare Gateway, remote browser isolation and cloud access security broker with its Network Services like Magic WAN, Magic Transit and Magic Firewall, Cloudflare Network Interconnect. Cloudflare's presence is rapidly expanding in the Zero Trust cybersecurity space, where it has made integrations with companies like Atlassian, Microsoft and Sumo Logic, to enable small, medium and large-sized businesses to secure reliable tools and applications with enterprise-ready Zero Trust security. Based on this approach, NET has been witnessing tremendous customer growth in Zero Trust solutions and network services like Magic Transit in Cloudflare One. For instance, Cloudflare One Zero Trust platform is used by more than 10,000 companies worldwide. Rapid Adoption of Workers Developer Platform Drives Cloudflare Cloudflare Workers started as a serverless platform where developers could build, deploy, and scale applications across Cloudflare's global network. The platform was developed for convenience as it enables developers to take actions using a single command and reduces infrastructure management and configuration complexities and brings applications closer to users. The Workers AI tool integrated in the Workers developer platform has witnessed an explosive 4,000% year-over-year surge in inference requests as reported in first-quarter earnings. Cloudflare is now focusing on enriching its Workers platform with the Model Context Protocol server, which will enable clients to deploy AI agents to simplify tasks like managing workflows, handling transactions, or querying business data. These value additions to its platform will lead to upsells and customer acquisition, hence boosting this platform's growth. In its latest quarterly results, NET announced that its total customer base has reached the milestone of 250,819 paying customers, up 27% year over year. Due to all these positive factors, analysts are optimistic about the stock's future growth. The Zacks Consensus Estimate for fiscal 2025 and 2026 revenues is projected to grow 25.38% and 26%, respectively. The Zacks Consensus Estimate for 2025 and 2026 earnings is projected to grow 5.3% and 31.6%, respectively. Cloudflare beat the Zacks Consensus Estimates in three of the trailing four quarters while matching the same on one occasion, with an average surprise of 14.88%. Key Challenges Faced by Cloudflare A substantial portion of the company's sales is derived from outside the United States. During the full years 2024, 2023, 2022, 2021 and 2020, NET earned approximately 49%, 48%, 47%, 48% and 49%, respectively, of its revenues from outside the United States. However, the U.S. government's aggressive stance on tariffs toward major economies is a concern for Cloudflare. Moreover, NET operates in a highly competitive environment. In its content delivery space, companies like Amazon AMZN, Akamai Technology and Fastly compete with Cloudflare. While in the cyber security space, a range of competitors like Palo Alto Networks PANW and Zscaler ZS compete with it. Amazon also competes with its developer platform through its general-purpose serverless and container-based edge deployment solutions. Alphabet is implementing AI in its Cloud Run solution, Amazon's AWS Lambda & Lambda@Edge leverage deep integrations with AWS services, robust tooling, and a mature developer base. Additionally, AWS Fargate is the AWS service that also enables serverless compute for containers. These solutions threaten the dominance of Cloudflare's developer platform. Palo Alto Networks' SASE platform has an active customer user base of more than 6,000. Palo Alto Networks achieved 36% year-over-year growth in SASE ARR and 16% growth in $1 million-plus deals in the third quarter of fiscal 2025, making it a dominant SASE player. Zscaler, on the other hand, leads the Zero Trust space and also offers SASE solutions. The company offers Zero Trust Network Access solutions through Zscaler Private Access, which enables secure application access without VPN. ZS is now moving toward the Zero Trust Everywhere model, which secures cloud, endpoint and network. Zscaler also provides a full SASE platform by combining identity access, private access and cloud protection. NET's Valuation Suggests the Stock's Overvaluation Cloudflare is trading at a 12-month forward P/S ratio of 25.43X, significantly above the industry average of 6.97X. Cloudflare Forward 12 Month P/S Valuation Chart What Should Investors Do? While Cloudflare's recent stock surge and strong market position are encouraging, its high valuation warrants caution. Therefore, we believe new investors should wait for a better entry point and existing investors should retain Cloudflare, which currently carries a Zacks Rank #3 (Hold), given the modest growth prospects and a stretched valuation in the near term. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report Cloudflare, Inc. (NET): Free Stock Analysis Report
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The Independent
a day ago
- Automotive
- The Independent
James Vowles signs new Williams F1 contract – with goal to ‘win world titles again'
Williams team principal James Vowles has signed a new long-term contract. The 48-year-old, a former strategist at Mercedes and Brawn, joined Williams in the team-leading role at the start of the 2023 season. Vowles's bold vision for the future has seen Williams sign Ferrari race winner Carlos Sainz to partner Alex Albon, while the team have impressed in the first 10 races of 2025. They are currently fifth in the constructors' standings. Vowles has made no secret of his vision being firmly set on the new regulations in 2026 and beyond and has now committed long-term to the Grove-based outfit. The exact length of the deal has not been disclosed. 'I am delighted to sign a new contract with Atlassian Williams Racing, which has felt like home from the moment I walked through the door,' he said. 'This iconic team has already given me some incredible memories and we are all united in our ambition to build on our legacy and win World Championships again. 'Over the past two years we have focused on fixing the foundations, and now have a platform to go for glory in the years to come.' Williams Racing chairman Matthew Savage added: 'We are thrilled that James has signed a new contract with Atlassian Williams Racing and committed his future to completing the mission that we are on together. 'He has brought experience, energy and strategic leadership to the task of restoring Williams to the top step of the podium. 'We aren't there yet but you can sense the momentum we are building at Grove and are excited about what lies ahead.'
Globe and Mail
2 days ago
- Business
- Globe and Mail
Will the Traction in SASE and Zero Trust Keep Driving Cloudflare?
Cloudflare NET signed its longest secure access service edge (SASE) contract in the first quarter of 2025 and has been gaining traction constantly as enterprises modernize and simplify their network security and connectivity. Cloudflare combines its Zero Trust security products like Cloudflare Gateway, remote browser isolation and cloud access security broker with its Network Services like Magic WAN, Magic Transit and Magic Firewall, Cloudflare Network Interconnect and spectrum to provide an end-to-end cloud-based secured SASE solution that simplifies the adoption process for its clients, helping NET in winning larger deals. Cloudflare has also partnered with industry giants like TD SYNNEX to expand the geographical reach of its managed security services across Latin America, including Zero Trust and SASE solutions, to support MSSP growth in the region. In the Zero Trust space, NET has been witnessing tremendous customer growth for its core application services portfolio, Zero Trust solutions and network services like Magic Transit in Cloudflare One. NET has made Zero Trust integrations with companies like Atlassian, Microsoft and Sumo Logic, to enable small, medium and large-sized businesses to secure reliable tools and applications with enterprise-ready Zero Trust security. This strategy has expanded the reach of the Cloudflare One Zero Trust platform to more than 10,000 companies worldwide. These factors have helped Cloudflare to achieve 250,819 paying customers at the end of the first quarter, up 27% year over year. NET added 30 new customers during the quarter who contributed more than $100,000 in annual revenues. The total count of such customers reached 3,527 at the end of the quarter. How Competitors Fare Against Cloudflare Cloudflare faces stiff competition from Palo Alto Networks PANW and Zscaler ZS in SASE and Zero Trust offerings. Palo Alto Networks' SASE platform has an active customer user base of more than 6,000. Palo Alto Networks achieved 36% year-over-year growth in SASE ARR and 16% growth in $1 million-plus deals in the third quarter of fiscal 2025, making it a dominant SASE player. Zscaler, on the other hand, leads the Zero Trust space and also offers SASE solutions. The company offers Zero Trust Network Access solutions through Zscaler Private Access, which enables secure application access without VPN. ZS is now moving toward the Zero Trust Everywhere model, which secures cloud, endpoint and network. Zscaler also provides a full SASE platform by combining identity access, private access and cloud protection. Since the competition in the SASE and Zero Trust space is high, this remains an investor's concern for Cloudflare's growth. However, since the SASE market is witnessing a CAGR of 23.6% and the Zero Trust Market is seeing a CAGR of 16.7%, Cloudflare has enough headroom to expand its business. Cloudflare's Price Performance, Valuation and Estimates Shares of NET have surged 68.6% year to date compared with the Zacks Internet - Software industry's growth of 13%. From a valuation standpoint, NET trades at a forward price-to-sales ratio of 26.77X, higher than the industry's average of 5.68X. The Zacks Consensus Estimate for NET's fiscal 2025 and 2026 earnings implies year-over-year growth of 5.33% and 31.64%, respectively. The estimates for fiscal 2025 earnings have been revised downward in the past 60 days, and the 2026 earnings have been revised downward in the past 30 days. NET currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report Cloudflare, Inc. (NET): Free Stock Analysis Report
Time of India
2 days ago
- Business
- Time of India
Driving Enterprise Agility: How Nagarro is Powering Strategy, AI-Enabled SDLC, and ITSM Excellence
In an era of accelerating digital transformation, CIOs are under intense pressure to align business strategy with software delivery and modernization at a speed faster than ever with the advent of GenAI. Leading the charge in this evolution is Nagarro, which is reshaping how enterprises approach planning, delivery, and operational Strategy to Execution: Enterprise Planning with Atlassian and NagarroThe days of static, annual IT planning are long gone. Today's enterprise needs adaptive, cross-functional planning tools that enable business and technology leaders to collaborate in real time. Atlassian's enterprise solution suite, enabled by by-products like Jira Align, Focus, and Confluence, offers CIOs a dynamic way to align enterprise strategy with execution at every level. Forward-looking organizations are moving beyond traditional project-based planning to embrace multi-year, product-centric roadmaps. With Jira Align, CIOs can visualize how investment portfolios, strategic themes, and OKRs flow into value streams that cut across business and technology functions. This approach provides better alignment of funding and resources with long-term outcomes, whether it is modernizing legacy infrastructure or launching customer-facing digital platforms. By adopting value stream management, enterprises can accelerate software delivery by focusing on the continuous flow of value rather than isolated milestones. Jira Align enables visibility into dependencies, progress, and risk across multiple teams and time horizons, ensuring that strategic goals are not only defined but continuously refined based on real-world execution data. Even with all the business value AI delivers, addressing security concerns remains paramount. Atlassian adopts a zero-trust security model, meaning no user or system is inherently trusted, and clearly defined policies govern everything. Identity and access management is tightly controlled through Atlassian Guard, offering SSO, MFA, and device- and location-based access controls. Critically, AI model usage is governed by user consent, ensuring data privacy and control at every level. Nagarro, as a global digital engineering enterprise, brings deep expertise in configuring these tools to reflect real-world business models. By bridging silos between product, IT, and operations, Nagarro enables organizations to turn strategic ambitions into actionable roadmaps with traceability from boardroom decisions to team-level outcomes. AI-Enabled SDLC: Accelerating the Path from Idea to Production Artificial intelligence is transforming the Software Development Lifecycle (SDLC) from a linear process into a self-optimizing system. Atlassian's ecosystem, infused with AI capabilities—from predictive issue triaging in Jira Software to smart documentation in Confluence—is streamlining development at scale. Nagarro extends this power by embedding AI/ML into the delivery pipeline, using automation and intelligent analytics to: Detect bottlenecks and inefficiencies in real-time Optimize sprint planning and resource allocation Improve test coverage and defect detection Predict delivery delays before they occur A key enabler in this transformation is Nagarro's proprietary AI-driven project assistant. provides project stakeholders with real-time insights, recommendations, and natural language interaction capabilities. It enhances productivity, mitigates risks, and supports informed decision-making throughout the software development process. By leveraging enterprises can achieve higher levels of engineering excellence and project efficiency. With GitOps, DevSecOps, and MLOps practices supported by Atlassian tools like Bitbucket, Jira, and Opsgenie, enterprises can now deliver faster, smarter, and more securely. The Role of ITSM in Enhancing Organizational Efficiency Modern ITSM is no longer just a ticketing system—it's a vital driver of employee experience and operational agility. Jira Service Management (JSM) empowers organizations to go beyond traditional ITIL models by integrating DevOps, incident response, and business teams into a single workflow. Nagarro specializes in ITSM modernization by: Migrating legacy tools to JSM Automating repetitive service desk tasks Creating knowledge-centered support using Confluence Enabling self-service experiences through AI-powered chatbots and portals Critically, the integration of IT Asset Management (ITAM) and a Configuration Management Database (CMDB) within JSM offers CIOs a comprehensive view of their technology landscape. These capabilities are essential for: Tracking asset lifecycles and total cost of ownership (TCO) Improving budget forecasting and vendor contract optimization Enhancing governance, risk, and compliance (GRC) through complete visibility and audit readiness Feeding AIOps platforms with clean, contextualized data for faster root cause analysis and incident resolution By centralizing asset and configuration data, organizations can proactively manage dependencies, reduce operational risk, and make more informed decisions across IT and business functions. Unified Collaboration for a Modern Enterprise Whether it's through robust enterprise planning, AI-infused software delivery, or adaptive ITSM, the collaboration between Atlassian and Nagarro is delivering measurable value to global enterprises. CIOs looking to modernize their tech operations should see Atlassian not just as a suite of tools but as a platform for transformation. With Nagarro as a partner, the path from ambition to execution is clearer, faster, and more intelligent than ever before. The author is Vivek Bhati, Co-head of Global Atlassian Practice at This article is a part of ETCIO's Brand Connect Initiative.
