Cloudflare shares surge as Q3 revenue grows 39%
NET Cloudflare Inc
$293.75 +9.30%
View chart & analysis → - 1Cloudflare recorded Q3 revenue of $782.5 million, achieving a 39% year-over-year revenue growth rate.
- 2James Fish's previous fair value estimate for Cloudflare was $333 per share.
- 3James Fish raised the fair value estimate to $337 per share and maintained an overweight rating.
So what's the key point?
Cloudflare's third-quarter revenue increased by 39% compared to last year. Experts believe the company's value has risen and recommend buying more stock.
Source The Motley Fool +1 · View original ↗
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