Cloudflare Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?

Cloudflare (NET) is scheduled to report third-quarter 2024 results on Nov. 7.NET projects third-quarter revenues in the band of $423-$424 million. The Zacks Consensus Estimate for the top line is pegged at $423.7 million, which indicates a year-over-year improvement of 26.2%.Cloudflare expects non-GAAP earnings of 18 cents per share for the to-be-reported quarter. The consensus mark for earnings is pegged at 18 cents per share, unchanged over the past 60 days. This figure implies an improvement of 12.5% fro ...