Cloudflare shares rise to record after beating sales outlook

Date:

Share post:


Cloudflare Inc. shares surged to a record after posting better-than-expected sales figures that topped quarterly and annual estimates, following a reorganization and the addition of more large enterprise customers. The cybersecurity firm projected sales of $589 million in the fourth quarter, exceeding analysts’ estimates of $580.9 million on average. Cloudflare’s revenue totaled $562 million last […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

The Investment Opportunity of the Decade Is Here (But Not For Long)

Register for my investing Workshop & get Market Briefs as a bonus: My recommended tools*! *Please note: Yes,...

More complex deals are driving demand for brokers beyond rate shopping

As deals grow more complex, industry leaders say brokers are being valued for advice, product expertise and...

Passive vs. Active in DC Plans

Passive exposure in defined contribution plans is not just a function of fund selection. It varies by...

SEC Small Business Capital Formation Advisory Committee Tells Commission To Improve Finders Framework

Finders is an amorphous activity where an individual or entity matchmakes money with private firms in need...