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Barclays Keeps Their Buy Rating on Cloudflare (NET)

Tipranks - Tipranks - Thu Jun 11, 4:28AM CDT

Barclays analyst Saket Kalia maintained a Buy rating on Cloudflare today and set a price target of $250.00.

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According to TipRanks, Kalia is a 4-star analyst with an average return of 6.5% and a 53.64% success rate. Kalia covers the Technology sector, focusing on stocks such as Palo Alto Networks, Rubrik, Inc. Class A, and Fortinet.

In addition to Barclays, Cloudflare also received a Buy from William Blair’s Jonathan Ho in a report issued today. However, on June 5, Bernstein maintained a Hold rating on Cloudflare (NYSE: NET).

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Based on Cloudflare’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $639.76 million and a GAAP net loss of $22.93 million. In comparison, last year the company earned a revenue of $479.09 million and had a GAAP net loss of $38.45 million

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