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

Most Popular

Snowflake (SNOW) appears to be on solid footing despite cloud slowdown

The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data

Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?

In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)

Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?

The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top