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MarketScreener Homepage  >  Equities  >  Nyse  >  Cloudflare, Inc.    NET

CLOUDFLARE, INC.

(NET)
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Cloudflare: 3Q Earnings Snapshot

11/05/2020 | 06:03pm EST

SAN FRANCISCO (AP) _ Cloudflare, Inc. (NET) on Thursday reported a loss of $26.5 million in its third quarter.

The San Francisco-based company said it had a loss of 9 cents per share. Losses, adjusted for one-time gains and costs, were 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The web security and content delivery company posted revenue of $114.2 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $103.1 million.

For the current quarter ending in December, Cloudflare expects its results to range from a loss of 4 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $117.5 million to $118.5 million for the fiscal fourth quarter.

Cloudflare expects full-year results to range from a loss of 13 cents per share to a loss of 12 cents per share, with revenue ranging from $422.5 million to $423.5 million.

Cloudflare shares have more than tripled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58, more than tripling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NET at https://www.zacks.com/ap/NET

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2020 423 M - -
Net income 2020 -108 M - -
Net cash 2020 530 M - -
P/E ratio 2020 -240x
Yield 2020 -
Capitalization 25 663 M 25 663 M -
EV / Sales 2020 59,4x
EV / Sales 2021 44,3x
Nbr of Employees 1 697
Free-Float 61,1%
Chart CLOUDFLARE, INC.
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Cloudflare, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CLOUDFLARE, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 76,13 $
Last Close Price 83,51 $
Spread / Highest target 16,2%
Spread / Average Target -8,83%
Spread / Lowest Target -64,1%
EPS Revisions
Managers and Directors
NameTitle
Matthew Browning Prince Chairman & Chief Executive Officer
Michelle Marie Zatlyn President, Chief Operating Officer & Director
Thomas Josef Seifert Chief Financial Officer
John Graham-Cumming Chief Technology Officer
Rick Magarro Head-IT Operations Engineer
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