On November 11, Cloudflare, Inc. saw an Intraday Rise of 4.32% in Regular Trading, trading at $313.23 per share, with turnover of $114 million.

The move was supported by continued market reaction to the company’s latest quarterly results, which beat expectations and were accompanied by stronger-than-expected fourth-quarter and full-year guidance.

Cloudflare, Inc. reported third-quarter adjusted EPS of $0.38, above the $0.34 consensus, while revenue reached $782.5 million, up 39% year over year and ahead of expectations near $737 million. The company guided fourth-quarter revenue to $845 million-$846 million, above the roughly $796.2 million market forecast, and raised full-year adjusted EPS guidance to $1.35 versus expectations of $1.26. Recent coverage also noted that some analysts trimmed price targets after the results, but maintained constructive ratings, indicating the earnings strength remained the dominant near-term driver.

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