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Cloudflare Announces First Quarter 2023 Financial Results [pdf]

https://cloudflare.net/files/doc_financials/2023/q1/Q123-Exhibit-99-1_FINAL.pdf

by rbinv • 3 years ago

11 6 3 years ago

CL

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6

a_c• 3 years ago

Apparently NET is down 25% at the moment https://www.marketwatch.com/tools/screener/after-hours

frankjr• 3 years ago

The cloud-services company now expects $1.280 billion to $1.284 billion in full-year revenue, whereas Cloudflare's prior outlook was for $1.330 billion to $1.342 billion in revenue.

Does this really warrant a ~21% drop?

systemvoltage• 3 years ago

May be factor in the opportunity cost of 1-YR treasury bond rate of 4.783%?

re-thc2• 3 years ago

More likely other cloud providers such as Amazon have indicated slower/negative growth ahead also.

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