Cloudflare shares are trading lower are trading lower after the company reported Q1 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare's stock price dropped following the announcement of Q1 financial results and FY24 revenue guidance that fell short of expectations.

May 02, 2024 | 8:56 pm
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Cloudflare's shares declined after reporting Q1 financial outcomes and providing FY24 revenue forecasts below analyst expectations.
The announcement of Cloudflare's Q1 financial results and the issuance of FY24 revenue guidance that did not meet analyst expectations have led to a decrease in investor confidence, resulting in a drop in the stock price. This is a direct consequence of the financial performance and future outlook provided by the company, which are critical factors that investors consider when evaluating a stock's potential for growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100