— 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.
Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts' expectations.
CrowdStrike Holdings Inc. (NASDAQ: CRWD) has witnessed strong momentum with the stock gaining over 96% since the beginning of the year. The company delivered strong results for the first quarter
Internet security has been evolving over time, aided by the rapid adoption of cloud computing, the ubiquity of mobile phones, and the growing threats that cause serious problems to enterprises