Cloudflare Sees Q3 EPS $0.18 Vs $0.15 Est.; Revenue $423M-$424M Vs $423.61M Est; FY24 EPS $0.70-$0.71 Vs $0.63 Est.; Revenue $1.657B-$1.659B Vs $1.65B Est.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare has released its financial outlook for Q3 and FY24, projecting higher-than-expected EPS and revenue. For Q3, EPS is expected to be $0.18 vs. $0.15 estimated, and revenue is projected at $423M-$424M vs. $423.61M estimated. For FY24, EPS is expected to be $0.70-$0.71 vs. $0.63 estimated, and revenue is projected at $1.657B-$1.659B vs. $1.65B estimated.
August 01, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cloudflare's financial outlook for Q3 and FY24 shows higher-than-expected EPS and revenue, which is likely to positively impact the stock price in the short term.
Cloudflare's projections for Q3 and FY24 exceed market expectations for both EPS and revenue. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100