Cloudflare raises full-year outlook as third-quarter revenue grows 39%
Cloudflare raised its full-year revenue guidance to around $2.96 billion from $2.86 billion–$2.87 billion and lifted its adjusted earnings forecast to $1.35 a share from $1.25–$1.26. Third-quarter revenue rose 39% to $782.5 million, exceeding analysts’ $737.2 million expectation. The company reported a quarterly net loss of $34.1 million, compared with $1.3 million a year earlier.