Cloudflare Inc. (NET) PT Raised to $70 at Cantor Fitzgerald

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Go back to Cloudflare Inc. (NET) PT Raised to $70 at Cantor Fitzgerald

Cloudflare (NET) rises 9% on earnings beat

August 4, 2023 7:51 AM EDT

Cloudflare (NYSE: NET) reported better-than-expected Q2 earnings, sending its shares about 9% higher in pre-open Friday.

The company reported Q2 EPS of $0.10 on revenue of $308.5 million, topping the consensus for earnings of $0.07 on revenue of $305.6M. Sales rose 32% year-over-year while adjusted gross margin came in at 77.7%, in line with Street... More