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Cloudflare soars after beating on revenue and raising annual forecast

CNBC LogoCNBC1w ago

Cloudflare soars after beating on revenue and raising annual forecast

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Cloudflare sees improving trends in sales cycles, and now it's bringing in more large customers.

Analysts polled by FactSet now have an average target price of about $92 per share.

The results led several analysts to lift their price targets on the stock.


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Article Details

Category: Technology

Topics: US: News Technology Paylocity Holding Corp Breaking News: Technology Cloudflare Inc Datadog Inc Atlassian Corporation PLC Business Articles Cnbc Source:tagname:CNBC US Source CrowdStrike Holdings Inc ZoomInfo Technologies Inc Enterprise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 16:37:36

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 444 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 115438

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Main Topics: Technology

Official Website: cnbc.com

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Year Established: 2005

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

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