“Cloudflare stock jumps 21% on earnings beat as the company wins larger deals”
February 23, 2024
“Cloudflare shares rose 21% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected.
Here’s how the company did, in comparison with estimates from analysts polled by LSEG, formerly known as Refinitiv:
- Earnings per share: 15 cents, adjusted, vs. 12 cents expected
- Revenue: $362.5 million, vs. $353.1 million expected
Cloudflare’s revenue rose about 32%, consistent with growth in the third quarter, according to a statement. The company’s net loss of $27.9 million, or 8 cents per share, narrowed from $45.9 million in the year-ago quarter…”
https://www.cnbc.com/2024/02/08/cloudflare-net-q4-earnings-report-2023.html