Cloudflare Inc.
(NYSE:NET) shares are surging Friday after the internet security and infrastructure company shattered second-quarter expectations on both the top and bottom lines.
Cloudflare shares are testing new highs.
Why did NET hit a new high?
Revenue Accelerates as Cloudflare Delivers a Standout Quarter Adjusted earnings of 29 cents per share arrived 7.4% above the 27 cent consensus while revenue of $696.06 million topped the $665.5 million estimate and expanded 36% from the $512.32 million the company generated in the comparable period a year earlier.
