NET - Why Cloudflare Stock Fell Today? | Benzinga
Cloudflare, Inc. (NYSE: NET) shares traded lower on Thursday as the stock pulled back following Wednesday's strength.
What To Know: Cloudflare shares have been rising since the company reported better-than-expected third-quarter financial results last Thursday.
The company reported adjusted earnings of 16 cents per share, exceeding the analyst consensus estimate of 10 cents. The figure marked an increase from 6 cents from the same period last year.
Revenue of $335.6 million beat the analyst consensus estimate of $330.53 million, a rise of 32% year-over-year.
Cloudflare issued fourth-quarter ...