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.