TIKR reports Cloudflare grew revenue 39% and raised guidance again, while PR Newswire says Hagens Berman is investigating AppLovin.
What happened
TIKR.com reports that Cloudflare (NET) posted revenue growth of 39% and raised its guidance again. The outlet describes it as the company's fastest growth in nearly four years.
According to TIKR.com, AI workloads continue to pull Cloudflare's gross margin lower. The headline also refers to a 12% jump in the shares and to an "even higher gear" in the business.
Separately, a PR Newswire release says the law firm Hagens Berman is investigating alleged federal securities law violations by AppLovin (APP). The release invites investors with substantial losses to lead a class action lawsuit.
Context
Securities class action investigations are typically announced by law firms and do not by themselves establish that any violation took place.
Why it matters
The two items put Cloudflare's growth and margin trade-off alongside legal scrutiny of AppLovin, both of which investors in the respective companies may follow.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$305.81−3.98% vs. previous close ($318.50) · November 13
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $263.18 and $342.44; 9 in 10, between $208.41 and $432.44.
$409.10+3.92% vs. previous close ($393.68) · November 13
Fair value (ATLAS)
$264.99Fair range: $204.51 to $330.76The price ($409.10) is 54.4% above that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $328.17 and $470.85; 9 in 10, between $238.30 and $648.43.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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