Cloudflare's sales rose 39% from a year earlier, and sales and profit per share beat estimates. Two analysts cut their price goals, but the raised company forecasts and quarterly beats make the results favorable for its business.
The company's own forecasts point to continued sales and profit growth above what analysts expected. Two analysts cut their price goals, but those cuts do not outweigh the raised company forecasts and quarterly results that beat estimates.
Follow Cloudflare Inc (NET) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for NET