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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines