Cloudflare hits new high on 2Q beat and raised outlook

1. 1Cloudflare (NET) climbed to a fresh record after reporting a 2Q earnings beat and raising its full-year outlook
2. 2EPS of $0.29 and revenue of $696M came in above expectations, sending the stock up more than 16% in Friday pre-market trading
3. 3Morningstar highlighted its edge-inference capabilities, calling it an attractive "picks and shovels" play on AI adoption

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