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Scotiabank Sticks to Its Hold Rating for Cloudflare (NET)

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

Scotiabank analyst Patrick Colville maintained a Hold rating on Cloudflare today and set a price target of $225.00.

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In addition to Scotiabank, Cloudflare also received a Hold from Bernstein’s Peter Weed in a report issued today. However, on the same day, William Blair maintained a Buy 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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