Why Cloudflare (NET) Stock Is Trading Lower Today [Yahoo! Finance]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Yahoo! Finance
earnings and provided revenue guidance for the next quarter that missed analysts' expectations by less than 1%. Billings, a key growth indicator, also missed Wall Street's estimates, although cRPO (another topline indicator) beat and accelerated in growth rate compared to last quarter. The company noted that some large deals saw delays in closing. Additionally, the shift towards more "pool of funds" contracts with large customers impacted the timing of revenue recognition and added noise to topline. These deals allow customers to pre-purchase credits for future use rather than locking them into stricter, longer-term contracts. It removes the friction of trying new Cloudflare products like the Workers Edge AI developer platform but also changes how revenue is accounted for, adding some variability in the near term. Encouragingly, Cloudflare noted that the model is expected to have a long-term positive effect on sales as the model reduces sales friction by enabling customers to have
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News
- Why Cloudflare (NET) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
- Cloudflare Expands Presence in Mexico Amid Growing Internet Usage and Cybersecurity Threats [Yahoo! Finance]Yahoo! Finance
- Cloudflare Expands Presence in Mexico Amid Growing Internet Usage and Cybersecurity ThreatsBusiness Wire
- Cloudflare Named a Leader in the 2024 IDC MarketScape for Worldwide Edge Delivery ServicesBusiness Wire
- Best internet speed tests of 2024 [USA TODAY]USA TODAY
NET
Earnings
- 11/7/24 - Beat
NET
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- NET's page on the SEC website