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These Analysts Revise Their Forecasts On Cloudflare Following Q1 Results

1. Cloudflare's Q1 revenue exceeded estimates at $479.09 million. 2. Adjusted EPS fell short at 16 cents, below the 17 cents estimate. 3. The company secured a landmark $100 million contract this quarter. 4. Q2 revenue guidance is slightly above estimates, between $500-501 million. 5. Analysts have mixed ratings; one raised the price target, while another lowered it.

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FAQ

Why Bullish?

Cloudflare’s revenue beat indicates strong market demand, but EPS miss tempers enthusiasm.

How important is it?

The article reflects significant company performance but contains mixed signals from analysts.

Why Short Term?

Immediate benefits from Q1 results may settle by the next earnings cycle.

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