Cloudflare Announces Third Quarter 2020 Financial Results

Go back to Cloudflare Announces Third Quarter 2020 Financial Results

Cloudflare Inc. (NET) PT Raised to $77 at Oppenheimer

November 6, 2020 7:03 AM EST

Oppenheimer analyst Shaul Eyal raised the price target on Cloudflare Inc. (NYSE: NET) to $77.00 (from $65.00) while maintaining an Outperform rating.

The analyst commented, "We are raising our price target on NET to $77 from $65 after consensus-beating 3Q20 LPS/revenue of $-0.02/$114M.... More

Cloudflare (NET) Tops Q3 EPS by 3c; Guides Above Views

November 5, 2020 5:53 PM EST

Cloudflare (NYSE: NET) reported Q3 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $114.2 million versus the consensus estimate of $103.17 million.

GUIDANCE:

Cloudflare sees Q4 2020 EPS of ($0.04)-($0.03), versus the consensus of ($0.05). Cloudflare sees Q4 2020... More