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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Cloudflare Stock Today?

Cloudflare

Cloudflare Inc (NYSE:NET) is trading lower Friday despite reporting better-than-expected financial results and issuing strong guidance. 

Cloudflare said first-quarter revenue increased 54% year-over-year to $212.17 million, which beat the $205.65 million estimate, according to data from Benzinga Pro. The company reported quarterly earnings of 1 cent per share, which was up from a net loss of 3 cents per share in the prior year quarter.

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