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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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.
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