Cloudflare: Revenue and EPS Outperform
Cloudflare (NYSE:NET), a leader in network and cybersecurity services, delivered impressive results for Q4 2024, in its earnings release on Feb. 6, 2025. Revenue hit $459.9 million, surpassing both analyst expectations of $452 million and its own guidance of $451 to $452 million. Non-GAAP earnings per share (EPS) stood at $0.19, outpacing the expectation of $0.18. This quarter underscored Cloudflare's steady growth and operational success.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-07 earnings report.
Cloudflare is renowned for its global network infrastructure and cybersecurity solutions. Its business depends on scalable network services provided to a vast array of clients across the globe. The company focuses on expanding this infrastructure to deliver improved security, performance, and reliability for its customers. Additionally, Cloudflare invests heavily in product diversification and integration, offering a broad range of services from security solutions to developer tools. Customer acquisition and retention through strategic sales approaches and product development are crucial to its growth.
Source Fool.com
