On November 11, Cloudflare, Inc. rose 3.31% in Pre-Market Trading, trading at $305.8 per share, with turnover of $1.403 billion.

The move appears tied to continued market digestion of the company’s latest quarterly results, which beat expectations and came with materially higher fourth-quarter and full-year guidance.

Cloudflare, Inc. reported third-quarter adjusted EPS of $0.38 versus the $0.34 consensus, while revenue reached $782.5 million, up 39% year over year and above expectations near $737 million. It also guided fourth-quarter revenue to $845 million-$846 million, well above the roughly $796.2 million consensus, and lifted full-year adjusted EPS guidance to $1.35 from a market expectation of about $1.26. Recent market reports also noted the post-earnings rally has continued to support the shares.

(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.)