Cloudflare Inc. (NYSE:NET) reached a new all-time high on Friday following a stellar earnings performance in Q3. The company narrowed its net loss by 91% to $1.29 million and saw revenues increase by 31% to $562 million year-on-year. Full-year revenue outlook is now $2.142 billion to $2.143 billion, with earnings per share at $0.91. In other news, Cloudflare’s head of product and engineering will step down to become CEO of another company. Despite Cloudflare’s potential as an investment, some AI stocks may offer higher returns with limited downside risk.

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Read more at Yahoo Finance: Cloudflare (NET) Hits New High on Stellar Q3, Bullish Outlook