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
- Is Cloudflare, Inc. (NET) Best Performing Cybersecurity Stock in 2024? [Yahoo! Finance]Yahoo! Finance
- Open source projects draw equity-free funding from corporates, startups, and even VCs [TechCrunch]TechCrunch
- Cloudflare Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Cloudflare CEO Matthew Prince talks earnings and impact of Trump presidency on cyber security [CNBC]CNBC
- Can Cloudflare's Q3 Earnings & Revenue Beat Push the Stock Upward? [Yahoo! Finance]Yahoo! Finance
NET
Earnings
- 11/7/24 - Beat
NET
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- NET's page on the SEC website