Wednesday, February 21, 2024

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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
HomeStock InsidersCloudflare (NYSE: NET)...

Cloudflare (NYSE: NET) Guidance Exceeded to Wall Street Expectations

Cloudflare (NYSE: NET) inches up in pre trading session on Monday as the stock was mostly flat after initially rising on Friday in response to the internet infrastructure company’s guidance that exceeded Wall Street expectations. Cloudflare anticipates earnings of between 3 cents and 4 cents per share in the current quarter. Cloudflare expects revenue of $1.33 billion to $1.34 billion in 2023, up from $1.31 billion predicted by analysts.

Cloudflare stock was mostly flat after initially rising on Friday after the internet infrastructure company issued guidance that exceeded Wall Street expectations.

Cloudflare (NASDAQ:NET) anticipates earnings of 3 cents to 4 cents per share in the current quarter. FactSet polled analysts, who predicted first-quarter earnings of 3 cents. The company also anticipates first-quarter sales of between $290 million and $291 million, up from $228.2 million a year ago. Analysts predicted $290 million in sales.

Cloudflare co-founder and CEO Matthew Prince stated that they achieved record operating profit, operating margin, and free cash flow in the fourth quarter. They also passed over 2,000 large customers who pay us more than $100,000 per year and signed a record number of deals worth more than $500,000. During economic downturns, they believe it is critical to maintain discipline and optimize for efficiency. They control the levers of their business and have a full-throttle innovation engine that the industry envies. There has never been a better time to stay ahead of the competition and continue to deliver products that their customers consider essential.

The following forward-looking statements about our financial outlook are subject to substantial uncertainty as a result of challenging general economic conditions, such as inflation, rising interest rates, and other effects of the ongoing COVID-19 pandemic or Russia-Ukraine conflict, and reflect our estimates as of February 9, 2023 about the impact of these factors on our operations, and are highly dependent on numerous factors that we may not be able to predict or control: the COVID-19 pandemic, the Russia-Ukraine conflict, and related challenging macroeconomic conditions, and the impact on our customers, vendors, and partners, as well as the impact on global and regional economies, financial markets, and economic activity in general, such as inflation, rising interest rates, changes in monetary policy, supply chain disruptions, and foreign currency fluctuations; our ability to continue operating in impacted areas; and customer demand and supply chain disruptions.

 

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company, with a substantial market capitalization of $112.57 billion, has seen its shares trade within a...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading session on Wednesday, September 6, 2023. Investors and market aficionados were eagerly awaiting the tech company's...

Nikola Corp. (NASDAQ: NKLA) Hit by Active Sellers on Profit in ‘Short Squeeze’

Shares of Nikola Corp. (NASDAQ: NKLA) drops in early trading session on Monday as the cutting into paper earnings for traders betting against the electric-vehicle company and setting them up for a short squeeze. According to S3 Partners LLC statistics,...

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