Cloudflare updates Q4 2024 earnings forecast, projecting EPS of $0.18 and revenue of $451M-$452M.

Cloudflare, a cloud services provider, updated its fourth quarter 2024 earnings guidance, projecting an EPS of 0.180-0.180 and revenue of $451.0 million-$452.0 million. The company also raised its full-year 2024 EPS guidance to 0.740-0.740. Several analysts have recently adjusted their ratings and price targets, with consensus suggesting a "Hold" and a price target of $92.88. Cloudflare's stock fell $4.41 to $91.25 on Friday, with a trading volume of 7,777,228 shares.

November 10, 2024
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