— Internet security firm Cloudflare (NYSE: NET) reported adjusted loss of 6 cents per share in the fourth quarter of 2019 vs. expected loss of 7 cents per share.
— Revenue jumped 51% year-over-year to $84 million vs. $79.11 million expected.
— GAAP net loss was $28.2 million vs. $16.7 million in the fourth quarter of 2018.
— For the first quarter of 2020, Cloudflare expects non-GAAP loss to be $0.06 t0 $0.5 per share and revenue to be between $87 million and $88 million.
— For fiscal 2020, non-GAAP loss per share is expected to be in the range of $0.21 to $0.19 and revenue is estimated to be in the range of $389 million to $393 million.
— NET stock rose about 2% in the after-market session.
Amid the COVID-19 pandemic, several retailers were forced to close their stores but in turn witnessed a pickup in their digital business. Levi Strauss & Co. (NYSE: LEVI) is the
The ongoing market turmoil has upset the growth strategy set by Mattel, Inc. (NASDAQ: MAT), with focus on transitioning into an IP-driven company. Currently, the maker of legendary brands like
The usage of artificial intelligence (AI) has accelerated rapidly in the fintech industry. Many insurance companies are using AI to compete with their competitors. These insurance companies use AI in