Cloudflare (NET) Reports Q4 Loss of $12.1M, Surpasses Expectations

Cloudflare, Inc. (NET) reported a fourth-quarter loss of $12.1 million, or 3 cents per share, with adjusted earnings of 28 cents per share, exceeding analyst estimates of 27 cents. Revenue reached $614.5 million, beating forecasts of $590.2 million. For the first fiscal quarter ending March 31, the company expects per-share earnings of 23 cents and revenue of $620 million to $621 million. It projects full-year earnings of $1.11 to $1.12 per share and revenue of $2.79 billion to $2.8 billion.