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Cloudflare Inc reports results for the quarter ended June 30 - Earnings Summary

Cloudflare Inc NET.N reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents.  The mean expectation of twenty seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 18 cents to 22 cents per share.

Revenue rose 27.8% to $512.32 million from a year ago; analysts expected $501.33 million.

Cloudflare Inc's reported EPS for the quarter was a loss of 15 cents​.

The company reported a quarterly loss of $50.45 million.

Cloudflare Inc shares had risen by 2.6% this quarter and gained 86.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.7% 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 3 "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 $186.00, about 11.7% below its last closing price of $207.68

This summary was machine generated from LSEG data July 31 at 09:46 p.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)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.180.21Beat
Mar. 31 20250.170.16Missed
Dec. 31 20240.180.19Beat
Sep. 30 20240.180.20Beat

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