Internet security and performance expert Cloudflare (NYSE: NET) beat first-quarter earnings estimates, but investors are worried the company’s growth rate is slowing. Shares of Cloudflare traded down 17% as of 12:15 p.m. ET on guidance that was not as robust as some had hoped for. Growth is slowing Cloudflare is in the business of improving […]
(Bloomberg) — Cloudflare Inc. shares sank by 16.35% after markets opened Friday following the company’s second-quarter revenue projections, which fell short of analysts’ expectations. Most Read from Bloomberg The San Francisco-based security company estimated that revenue would total $393.5 million to $394.5 million in the second quarter, with the midpoint of the range missing analysts’ […]
Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance – Here’s Why Cloudflare, Inc. (NYSE:NET) reported its first-quarter financial results after the bell on Thursday. Here are the details. Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 13 cents by 23.08%. The company closed quarterly sales of $378.6 million, which beat […]
Cloudflare (NET) on Thursday reported first quarter earnings and revenue that topped Wall Street targets while guidance only met expectations. Cloudflare stock fell on the outlook. X Reported after the market close, Cloudflare earnings for the quarter ending March 31 came in at 16 cents, up 100% from a year earlier. Revenue climbed 30% to […]
Tuesday dawned dark for both cybersecurity and software-as-a-service (SaaS) companies, and as of 10 a.m. ET, shares of Palo Alto Networks (NASDAQ: PANW), Microsoft (NASDAQ: MSFT), and Cloudflare (NYSE: NET) remain down 1.5%, 2.1%, and 4.7%, respectively. While the situation surrounding each company has its specifics (Cloudflare for instance reported strong earnings last week, Palo […]
(Bloomberg) — Cloudflare Inc. rose in extended trading after the cloud-services software company reported fourth-quarter sales and profit that topped analysts’ estimates. Most Read from Bloomberg Revenue gained 32% to $362.5 million in the period ended Dec. 31, the biggest quarterly growth since 2012, the San Francisco-based company said Thursday in a statement. Profit, excluding […]
Cloudflare (NET) on Thursday reported fourth quarter earnings and revenue that topped Wall Street targets while 2024 profit guidance for NET stock came in above expectations. X For the quarter that ended Dec. 31, Cloudflare earnings were 15 cents a share, up 166% from 6 cents a year earlier. Revenue climbed 32% to $362.5 million, […]