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Cloudflare shares surge 17% as Q3 revenue beats expectations

The Motley Fool +1 · ·by G4L

NET Cloudflare Inc
$268.75 +9.91%
View chart & analysis →
  1. 1Cloudflare reported Q3 revenue of $783 million, exceeding analyst expectations.
  2. 2Cloudflare reached an active developer base of 10 million.
  3. 3Cloudflare shares rose 17% during Friday trading.

So what's the key point?

Cloudflare earned more money than experts expected. Following this news, the stock price rose by 17%.

Source The Motley Fool +1 · View original ↗

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