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Cloudfare: 3Q Earnings Snapshot

SAN FRANCISCO (AP) _ Cloudfare Inc. (NET) on Thursday reported a loss of $40.9 million in its third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 35 cents. Losses, adjusted for stock option expense and pretax expenses, were 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The web security and content delivery company posted revenue of $73.9 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $69.8 million.

For the current quarter ending in December, Cloudfare expects its results to range from a loss of 7 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $78.5 million to $79.5 million for the fiscal fourth quarter.

Cloudfare expects full-year results to range from a loss of 50 cents per share to a loss of 49 cents per share, with revenue ranging from $281.5 million to $282.5 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NET at https://www.zacks.com/ap/NET