Report
Cloudflare shares jump more than 14% after earnings beat and higher outlook
Cloudflare reported third-quarter revenue of $782.5 million, up 39% year over year, and raised its full-year outlook.
TLDR
Adjusted earnings reached 38 cents per share, above analysts’ 34-cent forecast. Cloudflare’s net loss widened to $34.1 million from $1.3 million a year earlier, while revenue growth reached its fastest pace in nearly four years. The after-hours rally followed an 8% decline during regular trading.
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