Cloudflare (NET) Tops Q1 EPS by 2c

Cloudflare (NYSE: NET) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $91 million versus the consensus estimate of $86.97 million.

“Cloudflare's mission is to help build a better Internet, and the world’s leaning on the Internet more than ever before. Our scalable global network is solving digital transformation needs for our customers in hours or minutes, faster than hardware could even ship to vacant offices,” said Matthew Prince, co-founder and CEO of Cloudflare. “I’m proud of the strong results for the quarter, and the role we are playing, as a guardian of the Internet, when the world needs it most.”

GUIDANCE:

Cloudflare sees Q2 2020 EPS of ($0.06)-($0.05), versus the consensus of ($0.05). Cloudflare sees Q2 2020 revenue of $93.5-94.5 million, versus the consensus of $91.9 million.

Cloudflare sees FY2020 EPS of ($0.21)-($0.19), versus the consensus of ($0.20). Cloudflare sees FY2020 revenue of $389-393 million, versus the consensus of $385.7 million.

For earnings history and earnings-related data on Cloudflare (NET) click here.

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