Is Cloudflare A Good Buy After Q3 Results?
Portfolio Pulse from
Cloudflare's Q3 results showed top- and bottom-line beats but were affected by slowing revenue growth and conservative Q4 guidance. The company is focusing on large enterprise clients, which may lead to revenue volatility. Despite this, gross margins were stable, and cash generation was strong.
November 11, 2024 | 4:30 pm
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Cloudflare's Q3 results showed strong earnings but were overshadowed by slowing revenue growth and cautious Q4 guidance. The focus on large enterprise clients could lead to revenue volatility, but gross margins and cash generation remain strong.
Cloudflare's Q3 results were positive in terms of earnings, but the slowing revenue growth and conservative Q4 guidance could concern investors. The focus on large enterprise clients introduces potential revenue volatility, which may offset the stable gross margins and strong cash generation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100