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via wsj.comBusiness & Companies

Cloudflare raises full-year revenue outlook and shares surge

FROM THE WIRE · WSJ.COM

The connectivity cloud company upped its projections for revenue this year to around $2.96 billion, above its earlier guidance for revenue between $2.86 billion and $2.87 billion.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA raised full-year revenue outlook can move the shares of a mid-sized tech company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cloudflare raised its revenue projections for this year to around $2.96 billion.
  2. 02The new estimate is above its earlier guidance of between $2.86 and $2.87 billion.
  3. 03The stock surged following the lifted outlook and third-quarter revenue growth.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cloudflare, Inc.NETStock245.18 USDMarket closedtoday -8.03%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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