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Cloudflare Just Had Its “Best Quarter Ever” on the Day Tech Crashed
Cloudflare said annualized revenue topped $3 billion and forecast stronger fourth-quarter sales as demand for its security products increased.
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8 Articles
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BizTocCloudflare Just Had Its “Best Quarter Ever” on the Day Tech Crashed
Cloudflare's CEO said the company just posted a record quarter, yet the stock still sank with the rest of tech. Now a hefty valuation and a bold profit promise leave two clear tests for whether investors got it wrong.
·Lakewood, United States
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The technology company surprises with a 39% increase in its revenues, surpasses Wall Street's forecasts and reaches $3 billion in annualized turnover.
Cloudflare raised its forecasts to 2026 after increasing its quarterly revenue 39% year-on-year, although it reported losses under standard accounting standards and warned that security vulnerabilities remain a concern.
Coverage Details
Total News Sources8
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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