Recap: Cloudflare Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cloudflare (NYSE:NET) reported Q4 earnings with a 25.0% beat on EPS estimates, reporting $0.15 versus the expected $0.12. Revenue increased by $87.77 million from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a significant increase in share price the following day.
February 08, 2024 | 9:20 pm
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Cloudflare reported a significant beat on Q4 earnings with an EPS of $0.15, surpassing estimates by 25%. Revenue also saw a substantial year-over-year increase.
Cloudflare's Q4 earnings beat and historical performance of share price increases following earnings beats suggest a positive short-term impact on NET's stock price. The substantial beat on EPS estimates and significant revenue growth year-over-year are key factors likely to drive investor optimism and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100