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 shares dropped following its Q1 financial results announcement and the release of FY24 revenue guidance that fell short of expectations.
May 03, 2024 | 10:56 am
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Cloudflare's stock price declined after announcing Q1 financial results and FY24 revenue guidance below market forecasts.
The announcement of Q1 financial results coupled with the issuance of FY24 revenue guidance that did not meet analysts' expectations has led to a negative investor sentiment towards Cloudflare's stock. This is a direct reaction to the company's performance and future outlook, which are crucial factors affecting stock prices.
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