Cloudflare Sees FY23 Adj. EPS $0.37 vs $0.34 Est., Revenue $1.283B-$1.287B vs $1.28B Est.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare has projected its FY23 adjusted EPS to be $0.37, higher than the estimated $0.34. The company also expects its revenue to be between $1.283B and $1.287B, slightly above the estimated $1.28B.
August 04, 2023 | 2:34 pm
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POSITIVE IMPACT
Cloudflare's higher than expected FY23 adjusted EPS and revenue projections may positively impact its stock price.
Cloudflare's projected earnings and revenue for FY23 exceed estimates, which is generally seen as a positive signal by investors. This could lead to increased demand for the company's stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100