Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance - Here's Why [Yahoo! Finance]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Yahoo! Finance
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 the analyst consensus estimate of $373.09 million. It represents a 30.47% growth from the prior year's period. Free cash flow was $35.6 million, or 9% of revenue, compared to $13.9 million, or 5% of revenue, in the first quarter of 2023. Cash and equivalents totaled $1.716 billion as of March 31, 2024. "The first quarter marked a strong start to the year, as we grew revenue 30% year-over-year to $378.6 million—fueled by a record number of net-new customers year-over-year spending more than $100,000, $500,000, and $1 million with Cloudflare on an annualized basis. I'm incredibly proud of the fact that our team has been able to continue to build our network, service larger and larger customers, and launch entirely new categories of products—including in the AI space—while also remaining discip
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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