Cloudflare Aktie News

Cloudflare posted a first-quarter beat, but Wall Street was more focused on full-year guidance. The company is forecasting solid 27% growth in 2024, but that's below its rate from previous years.

Friday stock-index futures are looking chipper, given an extra boost by a nonfarm payrolls report that pointed to a cooling labor market and lower wage inflation.

Tech stocks looked set to continue their momentum Friday. A boost for Apple's shares was helping.

Shares in global cloud services provider Cloudflare (NET) fell more than 14% in premarket trading Friday after the company posted a soft current-quarter sales outlook that overshadowed quarterly results that came in ahead of Wall Street expectations.

Shares in Cloudflare Inc (NYSE:NET) plummeted following its disappointing earnings report, released after Thursday's market close. The company, which provides ‘content delivery services' (CDNs) for websites, reported a $35.5 million loss for its first quarter, in line the same period last year.

Cloudflare stock tumbled after the company reported Q1 earnings that topped Wall Street targets while revenue guidance only met expectations.

Cloudflare reported wider first-quarter operating loss on Thursday as sales and marketing costs jumped in the period, sending shares down 12% in trading after the bell.

Cloudflare Inc.'s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.