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2022-11-04

Overreact

Cloudflare Stock Drops More Than 13% After Results, Outlook Top Street View

Cloudflare Inc. shares fell in the extended session Thursday even after the cybersecurity company’s

Cloudflare Stock Drops More Than 13% After Results, Outlook Top Street View

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Adjusted earnings, which exclude stock-based compensation expenses and other items, were 6 cents a share, compared with break-even a share in the year-ago period.</p><p>Revenue rose to $253.9 million from $172.3 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast break-even a share on revenue of $250.6 million.</p><p>Cloudflare forecast adjusted earnings of 4 cents to 5 cents a share on revenue of $273.5 million to $274.5 million for the fourth quarter, and 11 cents to 12 cents a share on revenue of $974 million to $975 million for the year.</p><p>Analysts had estimated earnings of 2 cents a share on revenue of $273.6 million for the fourth quarter, and 3 cents a share on revenue of $971 million for the year.</p></body></html>","source":"lsy1616996754749","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cloudflare Stock Drops More Than 13% After Results, Outlook Top Street View</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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