Cloudflare Q2 Adj $0.20 Beats $0.14 Estimate, Sales $401.00M Beat $394.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cloudflare (NYSE:NET) reported strong Q2 earnings, with adjusted EPS of $0.20 beating the $0.14 estimate and sales of $401.00M surpassing the $394.69M estimate. This represents a significant year-over-year growth in both earnings and sales.
August 01, 2024 | 8:29 pm
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Cloudflare reported Q2 earnings of $0.20 per share, beating the $0.14 estimate by 42.86%. Sales were $401.00M, surpassing the $394.69M estimate. This indicates strong financial performance and significant year-over-year growth.
Cloudflare's strong Q2 earnings and sales performance, significantly beating analyst estimates, indicate robust financial health and growth. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100