TTWO - Why Cloudflare Shares Are Trading Higher By Over 25%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Cloudflare, Inc. (NYSE: NET) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.
Revenue came in at $362.47 million, beating estimates of $353.1 million. The company posted earnings of 15 cents per share, topping estimates of 12 cents per share, according to data from Benzinga Pro.
Cloudflare expects full-year 2024 revenue of $1.648 billion and $1.652 billion versus estimates of $1.65 billion. The company sees full-year earnings in the range of 58 cents to 59 cents per share versus estimates of 56 cents per share.
Cloudflare shares surged 25.9% to $113.70 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Next.e.GO N.V. (NASDAQ: EGOX) gained 164% to $0.66 in pre-market trading.
- Intelligent Living Application Group Inc. (NASDAQ: ILAG) gained 110.5% to $0.9897 in pre-market trading after surging around 24% on Thursday.
- TC Biopharm (Holdings) Plc (NASDAQ: TCBP) shares jumped 49.1% to $1.64 in pre-market trading after jumping over 16% on Thursday.
- Sunworks, Inc. (NASDAQ: SUNW) shares rose 30.3% to $0.0709 in pre-market trading. Sunworks and three subsidiaries recently made the ...