Why Cloudflare Stock Jumped Today

Why Cloudflare Stock Jumped Today

Shares of Cloudflare (NYSE: NET) jumped as much as 13% today after the company reported strong first-quarter earnings results. Revenue in the first quarter came in at $138.1 million, compared to the consensus estimate of $131 million. "We crossed 4 million total customers, and our large customer count was up 70% year-over-year, accounting for more than half of our total revenue," CEO Matthew Prince said in a statement.