Cloudflare Q2 EPS $0.10 Beats $0.07 Estimate, Sales $308.50M Beat $305.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cloudflare (NYSE:NET) reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $0.07 by 42.86%. The company also reported quarterly sales of $308.50 million, surpassing the analyst consensus estimate of $305.55 million by 0.97%. This represents a 31.55% increase over sales of $234.52 million in the same period last year.
August 04, 2023 | 2:21 pm
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Cloudflare's Q2 earnings and sales exceeded analyst estimates, which could positively impact its stock price in the short term.
Cloudflare's better-than-expected Q2 earnings and sales figures are likely to be viewed positively by investors, potentially leading to an increase in its stock price. The 31.55% YoY increase in sales indicates strong growth, which is also a positive signal for investors.
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