Ahead of Cloudflare’s (NET) analyst day March 12, Piper Sandler notes there has been increased investor focus around possible announcements. The firm, which expects a product announcement, an update on the go-to-market changes made under President Desai and CRO Anderson over the last year, and a reiteration of the long-term operating framework, believes the event could provide incremental clarity around AI, go-to-market changes and pool of funds math, but isn’t expecting the event to represent a “thesis-changing” catalyst for either side so it maintains a Neutral rating on Cloudflare shares.
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