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2021-08-06

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Cloudflare Stock Falls As Investors Mull Size Of Earnings, Revenue Beat

Cloudflare stock fell on its second-quarter earnings report as profit and revenue topped analyst est

Cloudflare Stock Falls As Investors Mull Size Of Earnings, Revenue Beat

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Cloudflare earnings guidance for the September quarter came in above expectations.</p>\n<p>San Francisco-based&nbsp;<b>Cloudflare</b>(NET) reported a second-quarter loss of 2 cents per adjusted share vs. a 3-cent loss in the year-earlier period. Revenue jumped 53% to $152.4 million, said the provider of cloud-based networking and cybersecurity services.</p>\n<p>Analysts expected Cloudflare to report a loss of 3 cents per share on revenue of $146.1 million for the period ended June 30.</p>\n<p>Cloudflare stock fell nearly 6% to 114.72 in after-hours trading on the&nbsp;stock market today.</p>\n<p><img src=\"https://static.tigerbbs.com/af9a02c08e6a85e6510df15270cdb8a4\" tg-width=\"895\" tg-height=\"636\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Cloudflare Stock: Revenue Outlook Above Views</b></p>\n<p>\"We added a record number of large customers, signing the equivalent of more than two six-figure customers every single business day in Q2,\" Chief Executive Matthew Prince said in the company's earnings news release.</p>\n<p>Heading into the earnings report, Cloudflare stock was&nbsp;extended, trading well above its 95.87 entry point.</p>\n<p>For the current quarter ending in September, Cloudflare expects a loss in a range of 3 cents to 4 cents. It forecast revenue of $165.5 million at the midpoint of its guidance range.</p>\n<p>Meanwhile, analysts had projected a loss of 2 cents on revenue of $157.4 million.</p>\n<p>Heading into the Cloudflare earnings report, the software stock owned a&nbsp;Relative Strength Rating&nbsp;of 86 out of a best-possible 99, according to&nbsp;IBD Stock Checkup.</p>\n<p>Started in 2009, Cloudflare speeds up and provides security for web applications routed through its intelligent global network. The company competes in both corporate and consumer markets.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cloudflare Stock Falls As Investors Mull Size Of Earnings, Revenue Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCloudflare Stock Falls As Investors Mull Size Of Earnings, Revenue Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-08-06 08:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cloudflare stock fell on its second-quarter earnings report as profit and revenue topped analyst estimates, but the size of the beat may have disappointed. Cloudflare earnings guidance for the September quarter came in above expectations.</p>\n<p>San Francisco-based&nbsp;<b>Cloudflare</b>(NET) reported a second-quarter loss of 2 cents per adjusted share vs. a 3-cent loss in the year-earlier period. Revenue jumped 53% to $152.4 million, said the provider of cloud-based networking and cybersecurity services.</p>\n<p>Analysts expected Cloudflare to report a loss of 3 cents per share on revenue of $146.1 million for the period ended June 30.</p>\n<p>Cloudflare stock fell nearly 6% to 114.72 in after-hours trading on the&nbsp;stock market today.</p>\n<p><img src=\"https://static.tigerbbs.com/af9a02c08e6a85e6510df15270cdb8a4\" tg-width=\"895\" tg-height=\"636\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Cloudflare Stock: Revenue Outlook Above Views</b></p>\n<p>\"We added a record number of large customers, signing the equivalent of more than two six-figure customers every single business day in Q2,\" Chief Executive Matthew Prince said in the company's earnings news release.</p>\n<p>Heading into the earnings report, Cloudflare stock was&nbsp;extended, trading well above its 95.87 entry point.</p>\n<p>For the current quarter ending in September, Cloudflare expects a loss in a range of 3 cents to 4 cents. It forecast revenue of $165.5 million at the midpoint of its guidance range.</p>\n<p>Meanwhile, analysts had projected a loss of 2 cents on revenue of $157.4 million.</p>\n<p>Heading into the Cloudflare earnings report, the software stock owned a&nbsp;Relative Strength Rating&nbsp;of 86 out of a best-possible 99, according to&nbsp;IBD Stock Checkup.</p>\n<p>Started in 2009, Cloudflare speeds up and provides security for web applications routed through its intelligent global network. The company competes in both corporate and consumer markets.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NET":"Cloudflare, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177277824","content_text":"Cloudflare stock fell on its second-quarter earnings report as profit and revenue topped analyst estimates, but the size of the beat may have disappointed. Cloudflare earnings guidance for the September quarter came in above expectations.\nSan Francisco-based Cloudflare(NET) reported a second-quarter loss of 2 cents per adjusted share vs. a 3-cent loss in the year-earlier period. Revenue jumped 53% to $152.4 million, said the provider of cloud-based networking and cybersecurity services.\nAnalysts expected Cloudflare to report a loss of 3 cents per share on revenue of $146.1 million for the period ended June 30.\nCloudflare stock fell nearly 6% to 114.72 in after-hours trading on the stock market today.\n\nCloudflare Stock: Revenue Outlook Above Views\n\"We added a record number of large customers, signing the equivalent of more than two six-figure customers every single business day in Q2,\" Chief Executive Matthew Prince said in the company's earnings news release.\nHeading into the earnings report, Cloudflare stock was extended, trading well above its 95.87 entry point.\nFor the current quarter ending in September, Cloudflare expects a loss in a range of 3 cents to 4 cents. It forecast revenue of $165.5 million at the midpoint of its guidance range.\nMeanwhile, analysts had projected a loss of 2 cents on revenue of $157.4 million.\nHeading into the Cloudflare earnings report, the software stock owned a Relative Strength Rating of 86 out of a best-possible 99, according to IBD Stock Checkup.\nStarted in 2009, Cloudflare speeds up and provides security for web applications routed through its intelligent global network. The company competes in both corporate and consumer markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}