Cloudflare Gives Disappointing Revenue Outlook; Shares Tumble [BNN Bloomberg (Canada)]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: BNN 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' estimates of $394.5 million. Cloudflare and its peers have faced headwinds in recent months as businesses scaled back IT spending. The projection overshadowed what was otherwise a solid beat in first-quarter results for the company. It posted adjusted earnings of 16 cents per share, up from a year earlier and beating analysts' estimates of 13 cents. Shares fell 12% to $77.90 at 4:15 p.m. in New York. ©2024 Bloomberg L.P. Top Picks
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News
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now [Yahoo! Finance]Yahoo! Finance
- Cloudflare, Inc. (NYSE: NET) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $120.00 price target on the stock.MarketBeat
- East Africa sees internet connectivity disruption, Netblocks and Cloudfare says [Reuters]Reuters
NET
Earnings
- 5/2/24 - Beat
NET
Sec Filings
- 5/16/24 - Form 4
- 5/9/24 - Form 4
- 5/8/24 - Form 4
- NET's page on the SEC website