Cloudflare Inc. (NET) PT Raised to $74 at RBC Capital
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Cloudflare (NET) Surges After Topping Q2 Expectations
August 5, 2022 11:39 AM EDTCloudflare (NYSE: NET) surged 24% after the company reported earnings aftermarket Thursday, topping earnings and revenue estimates.
The San Francisco, California-based company, reported second-quarter earnings of $0.00, $0.01 better than the analyst estimate of a loss of $0.01. Revenue for the quarter came in at $234.5 million versus the consensus estimate of $227.33 million. Revenue grew 54% year-over-year.
The company said it experienced robust large customer growth during the quarter, with a record addition of 212 large customers, bringing its number of large customers to 1,749.
"We delivered another strong quarter, with revenue... More
