Reported 1 day ago
In the second quarter of 2025, Cloudflare (NYSE: NET) reported significant gains, with a 142.38% increase in share value over the past year despite a slight decline of 0.95% for the month. The Alger Mid Cap Focus Fund highlighted Cloudflare's robust performance, driven by strong fiscal first-quarter results, increased demand for subscription services, and the acquisition of a new contract over $100 million. The company is well-positioned to leverage key industry trends, reaffirming its full-year revenue guidance amid investor optimism.
Source: YAHOO