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Edge computing focuses on bringing computing power closer to where data is generated, rather than relying on a centralized cloud-based system.

Cloudflare Inc (NYSE:NET) shares are trading higher in Thursday’s after-hours session following the company reporting better-than-expected financial results. Q4 Revenue: $362.47 million, beat estimates of $353.1 million Q4 EPS: 15 cents, beat estimates of 12 cents Revenues were up 32% on a year-over-year basis. Operating cash flow came in at $85.4 million, and free cash flow was $50.7 million during the quarter. The company ended the quarter with $1.67 billion in cash, equivalents and available-

(Bloomberg) -- Cloudflare Inc. rose in extended trading after the cloud-services software company reported fourth-quarter sales and profit that topped analysts’ estimates.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyBiden Assails Special Counsel for Questioning Mental AcuityNew York City Is Considering a Laundry Pods CrackdownEinhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant InvestingRevenue

NET earnings call for the period ending December 31, 2023.

Cloudflare shares were sharply higher in pre-market trading after the company delivered strong quarterly results and upbeat guidance, fueled by the addition of large customers and growing demand for cloud security services. Monitor this key chart level.