Cloudflare Inc NETWORK released fourth-quarter results on Thursday and reported adjusted earnings per share of 6 cents on sales of $274.7 million, beating Wall Street expectations.

Here’s what four Cloudflare analysts have to say after the release.

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Discipline in output: KeyBanc Capital Markets analyst Thomas Blakey said Cloudfare has shown discipline on spending, with strong revenue growth, a 6% EBIT margin and $34 million in free cash flow, and that management remains committed to investing discipline and is FCF positive in the 2023 calendar.

Blakey reiterated his overweight position and raised the price target to $80 from $59.

Unique opportunity for long term: JMP analyst Trevor Walsh said Cloudflare represents a unique opportunity for long-term, dynamic growth and continues to like the name for several reasons, including its strong leadership team, emphasis on innovation, growing demand for cyber trends, and a strong business model that on top line growth.

Walsh maintained a market-perform rating and a price target of $90.

Several possibilities for potential interference: According to Mizuho Securities analyst Gregg Moskowitz, Cloudflare has the potential to increasingly disrupt core security and networking areas such as multiprotocol label switching, secure web gateway, certain firewall deployments, and VPN. Moskowitz noted that Mizuho fully believes Cloudfare will continue to innovate.

Moskowitz kept its neutral rating and price target of $60 unchanged.

Record number of major deals: RBC Capital Markets analyst Matthew Hedberg noted that Cloudflare added 6,100 customers to its 162,000 total, signed a record number of large deals, and reported a slightly lower net revenue retention of 122%. Hedberg mentioned that ChatGPT owner OpenAI signed a $1 million deal for Cloudflare’s services.

RBC Capital Markets kept its Outperform rating unchanged, but raised its price target to $70 from $60.

NET Price Promotion: Cloudflare shares traded 2.7% higher at…