Cloudflare (NYSE:NET) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.06)-($0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). The company issued revenue guidance of $87-88 million, compared to the consensus revenue estimate of $84.14 million.Cloudflare also updated its FY 2020
After-Hours guidance to -0.21–0.19 EPS.
Shares of NYSE:NET traded down $0.32 during midday trading on Friday, reaching $17.75. 4,739,910 shares of the company traded hands. Cloudflare has a 12 month low of $14.50 and a 12 month high of $22.08. The business’s fifty day moving average price is $17.82.
Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $83.93 million for the quarter, compared to the consensus estimate of $79.12 million. On average, sell-side analysts predict that Cloudflare will post -0.32 EPS for the current fiscal year.
Cloudflare Company Profile
CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
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