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Articles in “NET”

Cloudflare (NET) Shares Skyrocket, What You Need To Know Cover Image
NYSE NET Why It Moves
Cloudflare (NET) Shares Skyrocket, What You Need To Know

Kayode Omotosho 2023/05/05 4:39pm

What Happened: Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 5.93% in the morning session after analyst John DiFucci of Guggenheim upgraded the stock's rating from Sell to Neutral (Hold). The analyst said that he expected the company to meet its second-quarter sales target of $305M to $306M, but warned that its revenue for the rest of the year may fall short unless the economic conditions improve. Additionally, the company held an Investor Day yesterday, where management focused on the platform's evolution and value proposition for customers. There was also time spent on the sales organization and plans to further strengthen and optimize it. Lastly, management reiterated confidence in the company's previous long-term targets for 20%+ operating and 25% free cash flow margins. ... Continue Reading Continue Reading
Why Cloudflare (NET) Shares Are Sliding Today Cover Image
NYSE NET Why It Moves
Why Cloudflare (NET) Shares Are Sliding Today

Radek Strnad 2023/04/28 12:26pm

What Happened: Shares of internet security and content delivery network Cloudflare (NYSE:NET) fell 21.9% in the after-market session after the company reported first-quarter revenue that narrowly missed analysts' forecasts, but its earnings per share and free cash flow came in above expectations. In addition, sales guidance for the next quarter fell short of the consensus estimates, and the full-year guidance was lowered, with management citing a weaker macro environment and longer sales cycles where potential customers may be scrutinizing their spend more. ... Continue Reading Continue Reading
Cloudflare's (NYSE:NET) Posts Q1 Sales In Line With Estimates But Stock Drops 24.4% Cover Image
NYSE NET Earnings
Cloudflare's (NYSE:NET) Posts Q1 Sales In Line With Estimates But Stock Drops 24.4%

Anthony Lee 2023/04/27 8:22pm

Internet security and content delivery network Cloudflare (NYSE:NET) reported results in line with analyst expectations in Q1 FY2023 quarter, with revenue up 36.8% year on year to $290.2 million. However, guidance for the next quarter was less impressive, coming in at $305.5 million at the midpoint, being 4.52% below analyst estimates. Cloudflare made a GAAP loss of $38.1 million, improving on its loss of $41.4 million, in the same quarter last year. ... Continue Reading Continue Reading
Cloudflare (NYSE:NET) Reports Q4 In Line With Expectations, Stock Jumps 13.7% Cover Image
NYSE NET Earnings
Cloudflare (NYSE:NET) Reports Q4 In Line With Expectations, Stock Jumps 13.7%

Radek Strnad 2023/02/09 9:18pm

Internet security and content delivery network Cloudflare (NYSE:NET) reported results in line with analyst expectations in Q4 FY2022 quarter, with revenue up 41.9% year on year to $274.7 million. The company expects that next quarter's revenue would be around $290.5 million, which is the midpoint of the guidance range. That was in roughly line with analyst expectations. Cloudflare made a GAAP loss of $45.9 million, improving on its loss of $77.5 million, in the same quarter last year. ... Continue Reading Continue Reading
Cloudflare (NYSE:NET) Q3 Sales Beat Estimates But Stock Drops 11.8% Cover Image
NYSE NET Earnings
Cloudflare (NYSE:NET) Q3 Sales Beat Estimates But Stock Drops 11.8%

Radek Strnad 2022/11/03 8:24pm

Internet security and content delivery network Cloudflare (NYSE:NET) announced better-than-expected results in the Q3 FY2022 quarter, with revenue up 47.2% year on year to $253.8 million. The company expects that next quarter's revenue would be around $274 million, which is the midpoint of the guidance range. That was in roughly line with analyst expectations. Cloudflare made a GAAP loss of $42.5 million, improving on its loss of $107.3 million, in the same quarter last year. ... Continue Reading Continue Reading
Cloudflare (NYSE:NET) Q2 Sales Beat Estimates, Stock Jumps 22.3% Cover Image
NYSE NET Earnings
Cloudflare (NYSE:NET) Q2 Sales Beat Estimates, Stock Jumps 22.3%

Kayode Omotosho 2022/08/04 8:27pm

Internet security and content delivery network Cloudflare (NYSE:NET) reported Q2 FY2022 results that beat analyst expectations, with revenue up 53.8% year on year to $234.5 million. Guidance for next quarter's revenue was $250.5 million at the midpoint, which is 1.43% above the analyst consensus. Cloudflare made a GAAP loss of $63.5 million, down on its loss of $35.5 million, in the same quarter last year. ... Continue Reading Continue Reading
Cloudflare (NYSE:NET) Beats Expectations in Strong Q1, Provides Optimistic Full Year Guidance Cover Image
NYSE NET Earnings
Cloudflare (NYSE:NET) Beats Expectations in Strong Q1, Provides Optimistic Full Year Guidance

Adam Hejl 2022/05/05 8:24pm

Internet security and content delivery network Cloudflare (NYSE:NET) announced better-than-expected results in the Q1 FY2022 quarter, with revenue up 53.6% year on year to $212.1 million. On top of that, guidance for next quarter's revenue was surprisingly good, being $227 million at the midpoint, 4.24% above what analysts were expecting. Cloudflare made a GAAP loss of $41.3 million, down on its loss of $39.9 million, in the same quarter last year. ... Continue Reading Continue Reading
Cloudflare (NYSE:NET) Q4: Strong Sales, Stock Soars Cover Image
NYSE NET Earnings
Cloudflare (NYSE:NET) Q4: Strong Sales, Stock Soars

Jabin Bastian 2022/02/10 9:27pm

Internet security and content delivery network Cloudflare (NYSE:NET) beat analyst expectations in Q4 FY2021 quarter, with revenue up 53.7% year on year to $193.5 million. On top of that, guidance for next quarter's revenue was surprisingly good, being $205.5 million at the midpoint, 4.49% above what analysts were expecting. Cloudflare made a GAAP loss of $77.5 million, down on its loss of $34 million, in the same quarter last year. ... Continue Reading Continue Reading