IT leader Cloudflare Inc (NYSE:NET) is moving 3.2% higher to trade at $76.74 this morning, after the company posted better-than-expected second-quarter results and raised its full-year outlook. The equity now expects earnings between 70 and 71 cents per share, with a 2024 profit of 61 cents per share. On the charts, while the shares have struggled over the past few months, they remain 18% higher year over year, with support below at the 320-day moving average. Today, Cloudflare stock is on track for its bes ...

I 1 Sundry Photography Investment Thesis Cloudflare (NYSE:NET) delivered very strong Q2 2024 results that saw its stock increase by 8% after hours. More specifically, Cloudflare's prospects remain undeniably strong, which led to Cloudflare once again raising its growth prospects. According to my estimates, Cloudflare is priced at 83x next year's non-GAAP operating profits. I maintain, as I've done for a while, that this is simply the going price for this sort of company. Investors are unlikely to get Cloudf ...

Cloudflare, Inc. (NET) shares gained more than 10% during Thursday's extended trading session after the company reported better-than-expected second-quarter results and raised guidance for full-year 2024. The connectivity cloud services provider's second-quarter revenues and earnings marked significant year-over-year improvement as well. Cloudflare reported non-GAAP earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 14 cents. The bottom line also witnessed a robust surge of 100% from ...

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 Ope ...

| --- | --- | |---------------------|-------| | | | | | | | | | | | | | | | | | | | Investor | | | | | | Presentation | | | | | | | | | | | | | | | As of June 30, 2024 | | | | | | | | Safe Harbor This presentation has been prepared by Cloudflare, Inc. ("Cloudflareˮ) for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise, or representation by the presenter or Cloudflare or any officer, director, employee, ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this web security and content delivery company would post earnings of $0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%. Over the las ...

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. The company reported earnings per share of 20 cents, which beat a Street consensus estimate of 14 cents per share. "We had a strong second quarter, crossing $1.6 billion in annualized revenue and growing 30% year-over-year. The world is still complicated, but our team remained focused on e ...

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 June 30, 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 Second Quarter 2024 Financial Results • Second quarter revenue totaled $401.0 million, representing an increase of 30% year-over-year • GAAP loss from operations of $34.7 million, or 9% of revenue, and non-GAAP income from operations of $57.0 million, or 14% of revenue • Operating cash flow of $74.8 million, or 19% of revenue, and free cash flow of $38.3 million, or 10% of revenue San Francisco, CA, August 1, 2024 — Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, t ...

The web infrastructure and website security solution provider's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 37.7%. Earnings Whispers Our proven model does not conclusively predict an earnings beat for Cloudflare this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today's Zacks #1 Rank stoc ...