Cloudflare Inc reports results for the quarter ended March 31 - Earnings Summary

• Cloudflare Inc NET.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of twenty six analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 16 cents to 21 cents per share.

• Revenue rose 26.5% to $479.09 million from a year ago; analysts expected $469.28 million.

• Cloudflare Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $38.45 million.

• Cloudflare Inc shares had risen by 8.0% this quarter and gained 13.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Cloudflare Inc is $148.00

This summary was machine generated from LSEG data May 9 at 04:27 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)