Cloudflare Q1 Non-GAAP EPS Flat, Revenue Increases; Issues Q2 Outlook; Shares Rise After Hours

MT Newswires Live
09 May

Cloudflare (NET) reported Q1 non-GAAP earnings Thursday of $0.16 per diluted share, unchanged from $0.16 a year earlier.

Analysts polled by FactSet expected $0.16.

Revenue for the quarter ended March 31 was $479.1 million, up from $378.6 million a year earlier.

Analysts surveyed by FactSet expected $469.3 million.

The company said it expects Q2 non-GAAP EPS of $0.18 and revenue between $500 million and $501 million.

Analysts polled by FactSet expect $0.19 and $500.4 million.

The company still expects fiscal 2025 non-GAAP EPS between $0.79 and $0.80 and revenue between $2.09 billion and $2.094 billion.

Analysts surveyed by FactSet expect $0.80 and $2.095 billion.

The company's shares were rising past 4% in recent after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10