Cloudflare Jumped ~16% on a 36% Revenue Quarter, 120% Net Retention, and a Raised Full-Year Outlook
Cloudflare’s second quarter did the one thing a high-multiple software stock has to do: it accelerated. Revenue grew 36%, the biggest customers spent meaningfully more, and management raised the full-year outlook. Shares jumped roughly 16% pre-market. Expectations were already high going into this print — $NET was sitting near a record high, and analysts had […]