Cloudflare's Stock Dips Despite Beating Earnings and Sales Estimates
Cloudflare reported better-than-expected earnings and revenue for Q3, with earnings per share of 16 cents and revenue of $335.6 million. However, the company's revenue outlook for the next quarter fell short of expectations, causing Cloudflare stock to dip by 0.8%. Despite adding 206 new large customers and maintaining a conservative view due to geopolitical uncertainty, the company's revenue projection of $352.5 million for the next quarter was below estimates of $356.3 million.