Cloudflare Just Fired 1 in 5 Employees, Is It Doomed?
Cloudflare (NET) was thriving, then cut 1 in 5 employees and crashed 24%. What the company actually does, and whether it is really in trouble.
#NET
2 posts
Cloudflare -24% Crash: Fundamentals Intact, So Why?
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Cloudflare beat with revenue up 34% and still fell 24.3% in one session. We decompose the 1,100 layoffs, margin compression, and our $225 target.