Cloudflare (NET) Soars 10% on Q2 Earnings Beat, Raised Guidance

Cloudflare, Inc. (NET) shares gained more than 10% during Thursday's extended trading session after the company reported better-than-expected second-quarter results and raised guidance for full-year 2024. The connectivity cloud services provider's second-quarter revenues and earnings marked significant year-over-year improvement as well. Cloudflare reported non-GAAP earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 14 cents. The bottom line also witnessed a robust surge of 100% from ...