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Cloudflare shares surge 13.8% in September, outperforming market

Nasdaq +1 ·

NET Cloudflare Inc
$342.97 -3.39%
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  1. 1Cloudflare recorded a 13.8% surge in its share price in September, despite a 0.5% decline in the S&P 500 index last month.
  2. 2Bernstein analyst Peter Wied raised his price target to $181, up from the previous target of $164.
  3. 3Cloudflare reported an acceleration in revenue growth of 36% year-over-year in the second quarter.

So what's the key point?

Cloudflare's share price rose significantly by 13.8% last month, contrary to the overall market trend. Experts expect the stock to rise further as the company's revenue growth accelerates.

Source Nasdaq +1 · View original ↗

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