Cloudflare Announces Third Quarter Financial Results
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Cloudflare (NET) Misses Q3 EPS by 1c, Revenues Beat; Offers Q4 & FY19 EPS/Revenue Guidance Above Consensus
November 7, 2019 6:05 PM ESTCloudflare (NYSE: NET) reported Q3 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $73.94 million versus the consensus estimate of $69.71 million.
In our first quarter as a public company, we delivered 48% year-over-year revenue growth, and a solid non-GAAP gross margin of 79%, said Matthew Prince, co-founder and CEO of Cloudflare. Cloudflares Initial Public Offering was an important milestone for the company, and we are proud of the fact that we have always been good stewards of capital, running Cloudflare like a public company even in its earliest days. Our... More
