Cloudflare: Q3 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Cloudflare, Inc. (NET) on Thursday reported a loss of $23.5 million in its third quarter.

SAN FRANCISCO, CA (AP). SAN FRANCISCO, CA (AP) - Cloudflare, Inc., (NET), reported a loss in the third quarter of $23.5 Million.

The San Francisco company reported a loss per share of 7 cents. The earnings per share, after adjusting for one-time costs and gains, came to 16 cents.

The results exceeded Wall Street expectations. Zacks Investment Research surveyed nine analysts and the average was 10 cents per share.

The company's revenue for the quarter was $335.6 millions, exceeding Street expectations. Zacks surveyed ten analysts who expected revenue of $330.5 millions.

Cloudflare's per-share earnings are expected to be 12 cents for the current quarter, ending in December.

The company expects revenues in the range between $352 and $353 million during the fourth fiscal quarter.

Cloudflare is expecting full-year earnings between 45 and 46 cents a share with revenues expected to reach $1.29 billion.

This story was created by

Automated Insights

(URL based on data from Zacks Investment Research. Access to a

Zacks Stock Report on NET


Every weekday morning, we deliver a fun, quick and free briefing about the global economy.