Earnings

Cloudflare stock plunges more than 20% after revising guidance down

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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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