Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
Publishing timestamp: 2024-02-08 18:07:06
Summary
Cloudflare's revenue and earnings exceeded expectations, driven by big deals from new and existing customers. The company's shares rose 21% in extended trading. Cloudflare's CEO announced plans to expand the company's network and grow its security services. The company's guidance for the first quarter and full year 2024 also surpassed analyst expectations.
Sentiment: POSITIVE
Keywords: earnings, alteryx inc, business news, technology, breaking news: earnings, business, breaking news: technology, cloudflare inc, enterprise,
Source: https://www.cnbc.com/2024/02/08/cloudflare-net-q4-earnings-report-2023.html