Why Cloudflare Stock Is Moving Higher on Friday
Portfolio Pulse from Dylan Berman
Cloudflare, Inc. (NYSE:NET) shares are trading higher after the company reported strong Q2 earnings and issued upbeat guidance. The company beat analyst estimates on both EPS and revenue, and several analysts have adjusted their price targets following the report.

August 02, 2024 | 4:21 pm
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Cloudflare reported strong Q2 earnings, beating analyst estimates on both EPS and revenue. The company also issued upbeat guidance for Q3 and the 2024 fiscal year. Several analysts have adjusted their price targets following the report.
Cloudflare's strong Q2 earnings report, which beat analyst estimates on both EPS and revenue, along with its upbeat guidance for Q3 and the 2024 fiscal year, has positively impacted its stock price. Several analysts have also adjusted their price targets, further indicating positive sentiment.
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