Wall Street analysts rerated Cloudflare, Inc NET after the company released its fourth-quarterly print Thursday.
NET's fourth-quarter 2024 results reflect sustained momentum in the onboarding of large new enterprises and remarkable progress in the public sector.
Here's our initial take on Cloudflare's (NET 16.19%) fourth-quarter financial report.
Shares in the cybersecurity companies were rising Friday after both reported an earnings beat.
Cloudflare, Inc. (NYSE:NET ) Q4 2024 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer Thomas Seifert - Chief Financial Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Matt Hedberg - RBC Adam Borg - Stifel Jonathan Ho - William Blair Fatima Boolani - Citi Gabriela Borges - Goldman Sachs Trevor Walsh - Citizens JMP Andrew Nowinski - Wells Fargo Operator Good day, everyone, and welcome to the Cloudflare Q4 2024 Earnings Call. This conference is being recorded.
Cloudflare (NET) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.15 per share a year ago.
Cloudflare (NET -1.92%), a leader in network and cybersecurity services, delivered impressive results for Q4 2024, in its earnings release on Feb. 6, 2025. Revenue hit $459.9 million, surpassing both analyst expectations of $452 million and its own guidance of $451 to $452 million.
Cloudflare stock rose on Q4 earnings and revenue that topped Wall Street targets while full-year 2025 revenue guidance met views. The post Cloudflare Fourth Quarter Earnings Top Estimates.
Cloudflare Inc NET will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 18 cents in EPS and $452.10 million in revenues as the company reports after market hours.
NET's Q4 results are likely to reflect benefits from an expanding clientele supported by its technological innovations despite macroeconomic headwinds.
Cloudflare stock price has rallied this year, and is hovering at its highest level since December 2021 as demand for its services rise. NET was trading at $136.85 on Monday, up by about 255% from its lowest level in 2023.
In the most recent trading session, Cloudflare (NET) closed at $137.26, indicating a +0.6% shift from the previous trading day.