Cloudflare (NYSE:NET) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Cloudflare beat estimated earnings by 25.0%, reporting an EPS of $0.15 versus an estimate of $0.12.
Revenue was up $87.77 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 13.86% increase in the share price the next day.
Here’s a look at Cloudflare’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.07 | 0.03 | 0.04 |
| EPS Actual | 0.16 | 0.10 | 0.08 | 0.06 |
| Revenue Estimate | 330.53M | 305.55M | 290.72M | 274.02M |
| Revenue Actual | 335.60M | 308.49M | 290.18M | 274.70M |
To track all earnings releases for Cloudflare visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
