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Shares of Cloudflare (NYSE:NET) decreased in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 33.33% over the past year to ($0.02), which beat the estimate of ($0.03).
Revenue of $152,428,000 rose by 52.85% from the same period last year, which beat the estimate of $146,060,000.
Outlook
Q3 EPS expected to be between ($0.04) and ($0.03).
Q3 revenue expected between $165,000,000 and $166,000,000.
Details Of The Call
Date: Aug 05, 2021
Time: 05:00 PM
Recent Stock Performance
52-week high: $122.77
Company's 52-week low was at $32.70
Price action over last quarter: Up 57.78%
Company Overview
Cloudflare Inc is a United States-based company engaged in the software business. It has built a cloud platform that delivers a range of network services to businesses. The product offerings of the company include Argo Smart Routing, Load Balancing, Web Optimizations, Mobile Software Development Kit, Cloudflare Access, and Cloudflare Spectrum among others.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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