NET - Cloudflare Stock Slides On Q3 Earnings: Revenues Up 32% Accelerated AI Innovation And More | Benzinga
Cloudflare Inc (NYSE: NET) shares are trading lower in Thursday's after-hours session on the heels of the company's third-quarter results. Here's a rundown of the report.
Q3 Earnings: Cloudflare reported third-quarter revenue of $335.6 million, which beat the analyst consensus estimate of $330.53 million by 1.53 percent and up 32% year-over-year.
The company reported adjusted earnings of 16 cents per share, up from 6 cents in the prior year's quarter, beating the analyst consensus estimate of 10 cents.
Net cash flow from operating activities came in at $68.1 million, up from $42.7 million on a year-over-year basis. Free cash flow was $34.9 million in the quarter, ...