Cloudflare Q4 EPS $0.15 Beats $0.12 Estimate, Sales $362.47M Beat $353.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cloudflare (NYSE:NET) reported Q4 earnings of $0.15 per share, surpassing the $0.12 estimate, marking a 150% increase from last year. Sales reached $362.47M, exceeding the $353.10M estimate, a 31.95% increase from the previous year.
February 08, 2024 | 9:18 pm
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Cloudflare reported a significant beat on both earnings and sales estimates for Q4, with earnings per share at $0.15 and sales at $362.47M.
Cloudflare's earnings and sales beat are significant indicators of the company's strong performance and growth, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100