NET - Cloudflare Q4 Earnings: Revenue Beat EPS Beat Strong Guidance 'Robust Momentum' And More | Benzinga
Cloudflare Inc (NYSE:NET) shares are trading higher in Thursday’s after-hours session following the company reporting better-than-expected financial results.
- Q4 Revenue: $362.47 million, beat estimates of $353.1 million
- Q4 EPS: 15 cents, beat estimates of 12 cents
Revenues were up 32% on a year-over-year basis. Operating cash flow came in at $85.4 million, and free cash flow was $50.7 million during the quarter. The company ended the quarter with $1.67 billion in cash, equivalents and available-for-sale securities.
“To close out the year, strength in our business was driven by robust momentum with large customers, significant progress in the public sector, and ...