Cloudflare Sees Q4 2023 Revenue $352M-$353M Vs $356.27M Est, Sees FY23 Revenue $1.286B-$1.287B Vs $1.29B Est
Portfolio Pulse from Benzinga Newsdesk
Cloudflare has projected its Q4 2023 revenue to be between $352M-$353M, which is lower than the estimated $356.27M. The company also expects its FY23 revenue to be between $1.286B-$1.287B, slightly below the estimated $1.29B.

November 02, 2023 | 9:23 pm
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Cloudflare's lower than expected revenue projections for Q4 2023 and FY23 may negatively impact its stock price in the short term.
Investors often react to a company's revenue projections. If these are lower than expected, it can lead to a decrease in the company's stock price as it may indicate potential future financial difficulties or slower growth. In this case, Cloudflare's lower than expected revenue projections for Q4 2023 and FY23 may lead to a negative sentiment among investors, potentially leading to a decrease in its stock price.
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IMPORTANCE 80
RELEVANCE 100