Shares of Cloudflare NET rose in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 25.00% year over year to ($0.03), which were in line with the estimate of ($0.03).
Revenue of $138,055,000 rose by 51.29% from the same period last year, which beat the estimate of $131,020,000.
Looking Ahead
Cloudflare Sees Q2 Adj. EPS $(0.04)-$(0.03) vs $(0.03) Est., Sales $145.5M-$146.5M vs $139.13M Est.; Sees FY21 Adj. EPS $(0.11)-$(0.10) vs $(0.09) Est., Sales $612M-$616M vs $592.8M Est.
Details Of The Call
Date: May 06, 2021
Time: 05:00 PM
Price Action
Company's 52-week high was at $95.77
52-week low: $23.82
Price action over last quarter: down 19.71%
Company Description
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.
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