Press release
Investigation announced for Long-Term Investors in NYSE: NET shares over possible Wrongdoing at Cloudflare, Inc.
An investigation on behalf of investors in Cloudflare, Inc. (NYSE: NET) shares over potential wrongdoing at Cloudflare, Inc.
Investors who purchased shares of Cloudflare, Inc. (NYSE: NET) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Cloudflare, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francisco, CA based CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. Cloudflare, Inc. reported that its annual Total Revenue rose from $656.42 million in 2021 to $975.24 million in 2022, and that its Net Loss declined from $260.3 million in 2021 to $193.38 million in 2022.
Shares of Cloudflare, Inc. (NYSE: NET) declined from $66.20 per share on April 18, 2023, to as low as $39.90 per share on May 4, 2023.
Those who purchased shares of Cloudflare, Inc. (NYSE: NET) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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