Cloudflare Stock Jumps After Earnings. This Analyst Is Still on the Sidelines. - Barron's
1. Cloudflare landed its largest contract worth over $100 million. 2. Q1 revenue of $479.1 million exceeded estimates of $469.3 million. 3. Second-quarter earnings expectations are slightly below Wall Street forecasts. 4. Truist Securities rates NET as a Buy with a $175 price target. 5. Jefferies lowered its price target to $150 while maintaining a Hold rating.