An investigation for investors in Cloudflare, Inc. (NYSE:NET) shares over potential securities laws violations by Cloudflare, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/07/2022 -- Cloudflare, Inc. is under investigation on concerning potential securities laws violations in connection with certain financial statements.
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 focuses on whether a series of statements by Cloudflare, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based CloudFlare, Inc. operates a cloud platform that delivers a range of network services to businesses worldwide. Cloudflare, Inc. reported that its annual Total Revenue rose from $431.05 million in 2020 to $656.42 million in 2021, and that its Net Loss increased from $119.37 million in 2020 to $260.3 million in 2021.
Shares of Cloudflare, Inc. (NYSE: NET) declined from $217.25 per share in November 2021 to as low as $76.61 per share in January 2022.
On March 1, 2022, NYSE: NET shares closed at $117.86 per share.
Those who purchased shares of Cloudflare, Inc. (NYSE: NET) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.