CloudFlare stock jumps 21% after raising 2022 revenue guidance
CloudFlare's stock soared 21% postmarket on Thursday after the firm raised its 2022 revenue guidance as it added a record number of large customers in Q2. NET now expects 2022 revenue of $968M-$972M vs. consensus estimate of $958.7M. This is great news for CloudFlare, and investors seem to believe that the company is positioned for continued growth in the long term. With a strong customer base and solid financial guidance, CloudFlare looks poised to continue its impressive performance in the market.
Investors were pleased with CloudFlare's updated guidance for 2022, sending the stock up 21% on Thursday.
Company's fundamentals reflect its long term potential, below analysis on CLOUDFLARE are made simple by VI app. According to VI Risk Rating, CLOUDFLARE is a medium risk investment in terms of financial and business aspects. You may look at what are the business and financial areas presenting potential risks in our website. One of the main reasons why an investor would want to use the VI App to analyze a company is because the app makes it easy to understand a company's financial and business fundamentals. This is important because these fundamentals can give investors insight into a company's long-term potential. According to the VI Risk Rating, CLOUDFLARE is a medium risk investment in terms of financial and business aspects. This means that there are some potential risks associated with investing in the company, but overall it is still a reasonably safe investment.
However, investors should be aware of the areas where there may be potential risks so that they can make an informed decision about whether or not to invest.