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 mail@shareholdersfoundation.com 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.
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 The 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.