Cloudflare Announces Second Quarter 2024 Financial Results

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Cloudflare Inc. (NET) PT Raised to $85 at Cantor Fitzgerald

August 2, 2024 6:38 AM EDT

Cantor Fitzgerald analyst Yi Fu Lee raised the price target on Cloudflare Inc. (NYSE: NET) to $85.00 (from $80.00) while maintaining a Neutral rating.

The analyst comments "Investment Summary. We are maintaining our Neutral rating and adjusting our 12-month Price Target from $80 to $85, based on solid execution... More

Cloudflare Inc. (NET) PT Raised to $99 at RBC Capital

August 2, 2024 6:24 AM EDT

RBC Capital analyst Matt Hedberg raised the price target on Cloudflare Inc. (NYSE: NET) to $99.00 (from $90.00) while maintaining a Outperform rating.

The analyst comments "Cloudflare delivered an impressive quarter in what continues to be an uneven macro, highlighted by a... More

Cloudflare (NET) Tops Q2 EPS by 6c, Offers Guidance

August 1, 2024 4:25 PM EDT

(Updated - August 1, 2024 4:36 PM EDT)

Cloudflare (NYSE: NET) reported Q2 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $401 million versus the consensus estimate of $394.11 million.

GUIDANCE:

Cloudflare sees Q3 2024 EPS of $0.18, versus... More