Cloudflare's (NET) second-quarter results reflect gains from multiple client wins and growing momentum among large enterprise customers.
Cloudflare, Inc. (NYSE:NET ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer Thomas Seifert - Chief Financial Officer Mark Anderson - President, Revenue Conference Call Participants Matt Hedberg - RBC Capital Markets Shaul Eyal - TD Cowen Jim Fish - Piper Sandler Andrew Nowinski - Wells Fargo Adam Borg - Stifel Fatima Boolani - Citi Hamza Fodderwala - Morgan Stanley Trevor Walsh - JMP Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.
Cloudflare (NET) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago.
Cloudflare stock rose on Q2 earnings and revenue that topped Wall Street targets while guidance came in above views.
Cloud connectivity company Cloudflare Inc NET reported second-quarter revenue of $401.0 million, up 30% year-over-year. The revenue beat a Street consensus estimate of $394.69 million, according to data from Benzinga Pro.
Cloudflare Inc.'s stock gained more than 8% in the after-hours session Thursday after the cybersecurity and software company beat Wall Street's expectations for its second quarter, which it deemed “terrific,” and also guided for better times ahead.
Software company Cloudflare raised its annual revenue and profit forecast on Thursday after a strong quarter, sending its shares up 9% in post-market trading.
LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ("Cloudflare" or "the Company") (NYSE:NET) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / July 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ("Cloudflare" or "the Company") (NYSE:NET) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Cloudflare (NET) is making strides in the cloud-based security market, which makes the stock worth a watch ahead of its second-quarter earnings amid macroeconomic headwinds and elevated valuation.
In the latest trading session, Cloudflare (NET) closed at $78.06, marking a +0.03% move from the previous day.
LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ("Cloudflare" or "the Company") (NYSE:NET) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.