Cloudflare Q3 Adj. EPS $0.16 Beats $0.10 Estimate, Sales $335.60M Beat $330.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cloudflare (NYSE:NET) reported Q3 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. This is a 166.67% increase from the same period last year. The company also reported quarterly sales of $335.60 million, beating the analyst consensus estimate of $330.53 million by 1.53%. This is a 32.20% increase from the same period last year.
November 02, 2023 | 8:57 pm
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POSITIVE IMPACT
Cloudflare's Q3 earnings and sales exceeded estimates, indicating strong financial performance. This could positively impact the company's stock price in the short term.
Cloudflare's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The significant YoY growth in earnings and sales further strengthens this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100