An investigation on behalf of investors in Cloudflare, Inc. (NYSE: NET) shares over potential wrongdoing at Cloudflare, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/22/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Cloudflare, Inc.
Investors who purchased shares of Cloudflare, Inc. (NYSE: NET) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org 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.
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