Movement Alert|Cloudflare, Inc. Overnight Rise 3.01%, earnings beat and raised guidance continue to support sentiment

Market Focus
Yesterday

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10