February 8, 2025 - 03:21
Wall Street analysts have taken a closer look at Cloudflare, Inc. following the company's recent fourth-quarter earnings announcement. The tech firm reported earnings per share (EPS) of 19 cents, surpassing the analyst forecast of 18 cents. This positive performance was complemented by a significant revenue increase, with quarterly earnings reaching $459.9 million, a notable rise from $362.47 million in the same period last year. This figure also exceeded the consensus estimate of $452.09 million, indicating robust business momentum.
Looking ahead, Cloudflare has provided guidance for the first quarter, projecting an adjusted EPS of 16 cents and revenue in the range of $468 million to $469 million. These optimistic forecasts have sparked varied reactions from analysts, with some seeing potential for continued growth while others express caution. As the tech landscape evolves, the debate over whether to buy or sell Cloudflare shares intensifies, reflecting differing views on the company's long-term trajectory.
