Cloudflare's stock drops after earnings as forecast comes up a bit shy

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Cybersecurity stocks under pressure in Thursday’s late trading

Cloudflare Inc. shares were declining 6% in Thursday’s extended session after the cybersecurity company beat revenue expectations for its latest quarter but came up a bit shy with its top-line view of the ongoing quarter.

Revenue increased to $335.6 million from $253.9 million, whereas analysts were calling for $330.5 million. See also: CrowdStrike’s and Zscaler’s stocks are top plays in rocky cybersecurity market, analyst says

 

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