Why Is Cathie Wood Betting on This Cloud Security Stock?
Tip Ranks·- ARK Invest purchased nearly $9.8 million worth of Cloudflare shares following the company's solid second-quarter results and raised full-year guidance. - Cloudflare reported a 36 % year-over-year revenue increase to $696 million and benefited from rising demand for cybersecurity and AI-related infrastructure. - Analysts responded by raising their price targets and maintaining a Moderate Buy consensus rating for the stock.