1. Cloudflare's Q2 FY24 earnings showed a 30% revenue growth and a 180% increase in earnings, driven by a 30% growth in $100K+ ARR customers and double-digit sales productivity expansion. 2. The company's management raised its FY24 guidance, expecting a non-GAAP operating margin of 12%. 3. Despite risks like declining retention rates and tougher comps, the stock remains a 'buy' with a price target of $105.