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NET
Benzinga
18 days

Cloudflare Analysts Boost Their Forecasts After Upbeat Q2 Earnings

1. Cloudflare's Q2 earnings exceeded estimates, earning 21 cents per share. 2. Quarterly sales reached $512.316 million, surpassing expectations of $501.330 million. 3. Full-year revenue guidance for FY25 increased to $2.113-$2.115 billion. 4. Analysts raised price targets across the board, indicating strong market confidence. 5. Despite positive results, Cloudflare shares fell 1.8% to $203.95.

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FAQ

Why Bullish?

The strong Q2 results and raised guidance typically enhance investor confidence. Historical responses show positive share reactions to upward guidance revisions, though short-term fluctuations can occur.

How important is it?

The substantial revisions in earnings projections and analyst sentiments are likely to impact NET's pricing dynamics significantly.

Why Short Term?

Immediate market reactions to earnings often influence stock prices promptly, evidenced in previous earnings reports. However, the enhanced guidance suggests long-term growth potential.

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