Cloudflare's (NYSE:NET) Q1 Sales Top Estimates But Stock Dro

Cloudflare's (NYSE:NET) Q1 Sales Top Estimates But Stock Drops 14.3%

Internet security and content delivery network Cloudflare (NYSE:NET) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 30.5% year on year to $378.6 million. The company expects next quarter's revenue to be around $394 million, in line with analysts' estimates. It made a non-GAAP profit of $0.16 per share, improving from its profit of $0.08 per share in the same quarter last year.

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