Cloudflare Earnings In-Line, Revenue Tops Estimates
Cloudflare (NET) stock climbed Thursday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets. The internet infrastructure firm's revenue guidance for the current quarter met expectations.
The company reported earnings after the market close. For the period that ended March 30, Cloudflare earnings were 16 cents a share, the same as a year earlier. Revenue climbed 27% to $479.1 million, the San Francisco-based company said.
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