Cloudflare: Not Good Enough
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Cloudflare reported a strong Q3 with a 28% revenue increase and $1.8 billion in cash. However, its Q4 revenue guidance of $451-$452 million fell short of the $456 million consensus, leading to concerns. The company is reworking its sales force, with some larger U.S. deals delayed but still in the pipeline.
November 12, 2024 | 9:00 pm
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Cloudflare's Q3 performance was strong with a 28% revenue increase, but Q4 guidance missed expectations, causing potential short-term pressure on the stock. The company is addressing sales force issues, with key deals still in the pipeline.
Cloudflare's Q3 results were positive, but the Q4 revenue guidance fell short of expectations, which could lead to short-term negative sentiment among investors. The ongoing sales force rework and delayed deals add uncertainty, potentially impacting the stock negatively in the short term.
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