Cloudflare Pops 11% On Robust 3Q Sales; Stock Up 240% YTD

Shares of Cloudflare Inc. jumped 10.8% in extended trading after the cybersecurity company reported robust 3Q results and forecast 4Q sales and earnings above consensus estimates.The company’s 3Q revenue of $114.2 million came ahead of the Street estimate of 103.2 million and soared 54% from the year-ago quarter. Cloudfare posted 3Q losses of $0.02 per share, better than analysts’ loss estimates of $0.05. Moreover, it compared favorably to the year-ago period’s loss of $0.16.Cloudflare’s (NET) CEO Matthew Prince said “Our third quarter represented many significant milestones including surpassing $100M in revenue, crossing 100,000 paying customers, and releasing more than a …read more

Source:: Yahoo Finance


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