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Cloudflare's (NYSE:NET) Q1 Sales Top Estimates But Stock Drops 14.3%

Internet security and content delivery network Cloudflare (NYSE:NET) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 30.5% year on year to $378.6 million. The company expects next quarter's revenue to be around $394 million, in line with analysts' estimates. It made a non-GAAP profit of $0.16 per share, improving from its profit of $0.08 per share in the same quarter last year. ....

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Harvest Fund Management Co. Ltd Boosts Stock Holdings in Cloudflare, Inc. (NYSE:NET)

Harvest Fund Management Co. Ltd increased its position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 309.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,612 shares of the company’s stock after purchasing an additional 2,729 shares during the period. Harvest […] ....

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