TECH - Cloudflare Stock Tanks Following Q1 Results Subpar Guidance - Here's Why | Benzinga
Cloudflare, Inc. (NYSE:NET) reported its first-quarter financial results after the bell on Thursday. Here are the details.
Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 13 cents by 23.08%. The company closed quarterly sales of $378.6 million, which beat the analyst consensus estimate of $373.09 million. It represents a 30.47% growth from the prior year's period.
Free cash flow was $35.6 million, or 9% of revenue, compared to $13.9 million, or 5% of revenue, in the first quarter of 2023. Cash ...