Cloudflare stock plunges more than 20% after revising guidance down


Signage outside the Cloudflare headquarters in San Francisco, California, U.S., on Tuesday, Feb. 8, 2022. Cloudflare Inc. is expected to release earnings figures on Feb. 10.

David Paul Morris | Bloomberg | Getty Images

Cloudflare shares plunged as much as 25% in after-hours trading Thursday after the internet services and security company reported first-quarter results that missed on the top line, and also revised its full-year revenue guidance down.

Here are the key numbers:

  • Earnings: 8 cents per share, adjusted, vs. 3 cents per share expected, according to a Refinitiv survey of analysts
  • Revenue: $290.2 million vs. $290.8 million expected, according to Refinitiv

Cloudflare revised their…

Source cnbc.com

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