Cloudflare jumps on optimistic Q2 forecast
ReutersMay 8, 2025 9:33 PM
Software firm Cloudflare's NET.N shares rise 10.3% to $137.01 in extended trading
NET forecasts Q2 revenue above estimates; full-year outlook remains unchanged
Co expects sales between $500 million to $501 million, midpoint of range above estimates of $500.3 mln — LSEG
Sees adj profit of 18 cents per share for Q2 vs estimate of 19 cents per share
Reported revenue of $479.1 million in Q1, beating estimate of $469.3 mln
NET posted adj Q1 earnings of 16 cents per share vs estimate of 17 cents per share
"In Q1, we landed the largest contract in Cloudflare's history, a more than $100 million deal driven by our Workers developer platform" — CEO Matthew Prince
NET up ~15.4% YTD
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