Guggenheim Downgrades Cloudflare Inc. (NET) to Sell, 'Revenue growth will likely drop to 25% in 2024'

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Go back to Guggenheim Downgrades Cloudflare Inc. (NET) to Sell, 'Revenue growth will likely drop to 25% in 2024'

Cloudflare Announces Second Quarter 2023 Financial Results

August 3, 2023 4:15 PM EDT

Second quarter revenue totaled $308.5 million, representing an increase of 32% year-over-year Delivered GAAP loss from operations of $56.2 million, or 18% of revenue, and non-GAAP income from operations of $20.3 million, or 7% of revenue Achieved operating cash flow of $64.5 million, or 21% of revenue, and free cash flow of $20.0 million, or 6% of revenue

SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced financial results for its second quarter ended June 30, 2023.

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