Cloudflare shares are trading higher. The company announced it appointed a new president of product & engineering to further accelerate its next phase of growth towards $5 billion in annual recurring revenue.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare shares rise as the company appoints a new president of product & engineering, aiming to accelerate growth towards $5 billion in annual recurring revenue.
October 10, 2024 | 2:50 pm
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Cloudflare's stock is trading higher following the appointment of a new president of product & engineering, which is expected to drive the company's growth towards $5 billion in annual recurring revenue.
The appointment of a new president of product & engineering is a strategic move by Cloudflare to enhance its growth trajectory. This leadership change is perceived positively by the market, as it aligns with the company's ambitious revenue goals, leading to a rise in stock price.
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