Cloudflare Q1 2024 Adj EPS $0.16 Beats $0.13 Estimate, Sales $378.60M Beat $373.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cloudflare (NYSE:NET) reported Q1 2024 adjusted EPS of $0.16, surpassing the $0.13 estimate, with sales of $378.60M exceeding the $373.09M forecast. This represents a 30.47% increase in sales compared to the same period last year.
May 02, 2024 | 8:16 pm
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Cloudflare's Q1 2024 earnings exceeded expectations with an adjusted EPS of $0.16 and sales of $378.60M, indicating strong financial performance and growth.
Cloudflare's better-than-expected Q1 2024 earnings report, with both EPS and sales surpassing analyst estimates, suggests a positive outlook for the company's financial health and operational efficiency. This performance, especially a significant year-over-year sales increase, is likely to instill investor confidence and could lead to a short-term uptick in NET's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100