The cloud software company is struggling to grow into its premium valuations.Cloudflare's (NET -0.13%) stock sank 17% after it posted its first quarter report on May 2. The cloud-based content delivery network (CDN) provider's revenue rose 30% year over year to $379 million and exceeded analysts' estimates by $5 million. Its adjusted EPS doubled to $0.16 and cleared the consensus forecast by three cents.Those headline numbers were healthy, but Cloudflare's stock might have been due for a breather after more ...

The company is pricey on its valuations, so some expect it to outperform.Cloudflare (NET -16.38%) stock has been having a rough time of it very recently, following an earnings report that left many investors dissatisfied.Many are getting more bearish on the content delivery network (CDN) specialist, including several analysts tracking the stock. One just pulled the lever on a big price target cut, but here's the catch -- he kept his buy recommendation intact, and had some positive things to say about that r ...

Cloudflare, Inc. (NYSE:NET) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Conference Call Participants Thank you for standing by, and welcome to the Cloudflare First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you for joining us today to discuss Cloudflare's financial results for the first quarter of 2024. As a reminder, we will be m ...

DEI Report/ESG Index | --- | --- | --- | |-------------------------|------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cloudflare's mission is to | | | | | | | | Help build a better Internet | | | | | | | | | | | | | | | | | | | | | | | © 2024 Cloudflare, Inc. | | 5 | ATION OBTAINABLE, NO CLAIM CAN BE NADE FOR ITS ACCURACY) From Endless Hardware to a Global Cloud Platform • Specialized hardware vv • Unified control plane • Broad, integrated pr ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39039 _ ...

Cloudflare Announces First Quarter 2024 Financial Results • First quarter revenue totaled $378.6 million, representing an increase of 30% year-over-year • GAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenue • Operating cash flow of $73.6 million, or 19% of revenue, and free cash flow of $35.6 million, or 9% of revenue San Francisco, CA, May 2, 2024 — Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today ...

Cloudflare (NET) is scheduled to report first-quarter 2024 results on May 2, after market close.The company projects first-quarter revenues of $372.5-$373.5 million. The Zacks Consensus Estimate for the top line is pegged at $372.9 million, indicating a year-over-year improvement of 28.5%.Cloudflare expects non-GAAP earnings per share of 13 cents for the to-be-reported quarter. The consensus mark for earnings is also pegged at 13 cents per share, implying an improvement of 62.5% from the year-ago quarter’s ...

Cloudflare (NET) closed the latest trading day at $88.01, indicating a +1.44% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 2.03%.Heading into today, shares of the web security and content delivery company had lost 10.4% over the past month, lagging the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15% in that time.Investors ...

The most recent trading session ended with Cloudflare (NET) standing at $87.68, reflecting a -0.23% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Prior to today's trading, shares of the web security and content delivery company had lost 11.3% over the past month. This has lagged the Computer and Technology sector's loss of 5.13% a ...

In the latest market close, Cloudflare (NET) reached $86.71, with a -1.47% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Shares of the web security and content delivery company have depreciated by 10.19% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66%.The investment community will ...