10 Firms Post Double-Digit Gains on Friday

6. Cloudflare Inc. (NYSE:NET)

Shares of Cloudflare (NET) surged 18.01 percent on Friday to finish at $166.66 apiece as investors resorted to buying following improved earnings performance during the past quarter.

In its earnings release, NET said it narrowed its net loss by 54 percent in the fourth quarter of the year to $12.8 million from $27.87 million registered in the same period last year.

Net loss in full year 2024 also shrunk by 57 percent to $78.8 million from the $183.9 million registered in 2023.

Revenues for the quarter rose by 26.9 percent to $459.9 million from $362.47 million year-on-year, while revenues for the full year jumped by 28.8 percent to $1.669 billion from $1.296 billion.

For this year, NET expects its revenues to jump by between $2.09 billion and $2.094 billion, representing at least 25 percent growth.