Cloudflare stock surged after beating earnings and raising its annual forecast

The connectivity cloud company posted Q2 revenue of $696.1 million, up 36% year over year, and now expects full-year revenue of up to $2.87 billion

Kraft Heinz raised its annual forecasts after beating quarterly sales estimates on Wednesday, but investor doubts about new CEO Steve Cahillane’s turnaround efforts sent shares down about 4 per cent in afternoon trade.

Kraft Heinz raises forecasts, but turnaround efforts struggle to excite investors  Reuters