Categories Earnings, Technology

Cloudflare (NET) Q4 2019 Earnings Snapshot

— 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.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Also Read:  Earnings Preview: Will Citigroup spring a surprise in Q1 amidst tough headwinds?

Most Popular

BlackBerry (BB) likely to report weak Q4 earnings on March 31

BlackBerry Limited (NYSE: BB) is slated to report its fourth-quarter 2020 earnings results on Tuesday, March 31, after the market closes. The top line will be benefited by BlackBerry Cylance

Companies that are working on the coronavirus vaccine

The coronavirus pandemic continues to plague the world with over 500,000 cases reported globally and over 82,000 cases in the US alone. As the world grapples with the outbreak, several

Altimmune (ALT) reports FY19 results; announces vaccine candidate for COVID-19

Altimmune Inc. (NASDAQ: ALT) reported its earnings results for fiscal-year 2019. Revenues totaled $5.8 million compared to $10.3 million last year. The drop in revenues was caused by lower billings

Tags