Cloudflare Beats Q2 Expectations With $696.1M Revenue, Up 36% YoY; Stock Surges 17% After-Hours

According to CNBC, on August 6, Cloudflare (NYSE:NET) posted Q2 revenue of $696.1 million, up 36% year-over-year and exceeding analyst expectations of $664.7 million. Adjusted EPS reached $0.29, beating consensus of $0.27.

For Q3, the company guided adjusted EPS of $0.34 and revenue of $736–$737 million, both significantly above market expectations of $0.32 EPS and $722 million revenue. Cloudflare raised full-year revenue guidance to $2.864–$2.870 billion and adjusted EPS guidance to $1.25–$1.26. The stock rallied 17% to $334.37 in after-hours trading.