On November 11, Cloudflare, Inc. recorded an Overnight rise of 3.01%, trading at $315.0 per share, with turnover of $1.8505 million.

The move appears tied to continued digestion of the company’s latest quarterly results, which came in above expectations and included stronger fourth-quarter and full-year guidance.

For the third quarter, adjusted EPS was $0.38 versus the $0.34 consensus, while revenue reached $782.5 million, up 39% year over year and above market expectations near $737 million. The company guided fourth-quarter revenue to $845 million-$846 million, ahead of expectations around $796.2 million, and raised full-year adjusted EPS guidance to $1.35 from a consensus near $1.26. While at least one analyst reduced its price target after the release, the reported beat-and-raise remained the clearest catalyst supporting the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)