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.

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