Shares of Cloudflare, Inc. (NET) surged 5.29% in after-hours trading on Thursday, following the release of its first-quarter 2025 financial results that exceeded analyst expectations in key areas.
The cloud services provider reported Q1 revenue of $479.087 million, significantly beating the FactSet analyst consensus estimate of $469.3 million. This represents a robust 26.54% increase compared to the same period last year. Despite the impressive top-line growth, Cloudflare's adjusted earnings per share came in at $0.16, slightly below the analyst estimate of $0.17.
Investors seemed particularly encouraged by Cloudflare's forward-looking guidance. For the second quarter, the company projects revenue between $500 million and $501 million, edging above the analyst consensus of $500 million. Furthermore, Cloudflare's full-year 2025 outlook remained strong, with expected revenue ranging from $2.09 billion to $2.094 billion, and adjusted EPS forecasted between $0.79 and $0.80. These projections, while slightly below the FactSet consensus estimates, still signal continued growth and profitability for the company.