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Fly News Breaks for October 8, 2019
NET
Oct 8, 2019 | 07:33 EDT
Morgan Stanley analyst Keith Weiss initiated coverage of Cloudflare with an Equal Weight rating and $18 price target. Cloudflare has been able to build an "impressive" base of about 2M free users and 75,000 paying customers and addresses an "expansive" total addressable market given the move of more workloads to the cloud, but the stock is currently "priced for perfection," Weiss tells investors.
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