Cloudflare Q2 Earnings Highlights: Revenue Beat, EPS Beat, Guidance Shines
Portfolio Pulse from Chris Katje
Cloudflare Inc (NYSE:NET) reported strong Q2 earnings with revenue and EPS beating Street estimates. The company provided optimistic guidance for Q3 and the full fiscal year, leading to an 8% increase in after-hours trading.
August 01, 2024 | 9:09 pm
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Cloudflare reported Q2 revenue of $401.0 million, beating the Street consensus of $394.69 million. EPS of 20 cents also beat the estimate of 14 cents. The company provided strong guidance for Q3 and the full fiscal year, leading to an 8% increase in after-hours trading.
Cloudflare's strong Q2 performance and optimistic guidance for Q3 and the full fiscal year have positively impacted investor sentiment, resulting in an 8% increase in after-hours trading. The revenue and EPS beats, along with the positive outlook, suggest continued growth and strong execution by the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100