ATLAS News · Earnings
Cloudflare posted a net loss of US$34.07 million and raised its outlook, citing enterprise demand and AI workloads, Simply Wall St reports. Christian Smith joins.
Simply Wall St reports that Cloudflare (NET) delivered an earnings beat, with revenue of US$782.51 million and a net loss of US$34.07 million for the latest quarter it describes.
The company also raised its guidance for the next quarter and for the full year. According to Simply Wall St, the increase rests on strong enterprise demand and AI driven workloads.
Simply Wall St adds that Christian Smith was appointed President of Revenue, a move it reads as an effort to scale the go to market engine. It notes his background in shifting software businesses toward recurring, cloud based revenue models.
Cloudflare provides cloud based network and security services, and investors typically follow its guidance closely alongside reported results.
The raised outlook and the new revenue leadership may shape how the market views Cloudflare's growth and its path to profitability.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NYSE
live price · USD
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