Cloudflare: reacceleration, product velocity—yet is the valuation running ahead?

3 months ago

Compounding Your Wealth

"NET (overview): Strong Q2 w/ record 15.1K customers (+27% YoY), net new ARR $133M (+48%), enterprise >$1M/>$5M revenue accelerating fastest since 2022. RPO +39% outpacing revenue +28%. NDR recovered to 114%. Guidance implies potential 29.5% growth if beats again. Risk: 31.1x fwd EV/Sales vs 18.1 median."

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