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Cloudflare (NET)
NYSE:NET
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 25 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 10.50%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant revenue growth, record customer additions, and improved operating margins. However, there were some concerns regarding increased churn and gross margin decreases, as well as anticipated higher network CapEx. Overall, the positive aspects, particularly in revenue growth, customer expansion, and sales productivity, were more pronounced than the challenges.Company Guidance
During the Cloudflare Q4 2024 earnings call, the company reported strong financial performance with revenue reaching $459.9 million, a 27% increase year-over-year. The company added 3,497 large customers, also marking a 27% annual increase, with these customers contributing 69% of the total revenue. Cloudflare's dollar-based net retention rate ticked up to 111%, while the gross margin was 77.6%. Operating profit stood at $67.2 million, reflecting an operating margin of 14.6%. The company also generated $47.8 million in free cash flow for the quarter. Looking forward, Cloudflare anticipates Q1 2025 revenue between $468 million and $469 million and full-year 2025 revenue in the range of $2.09 billion to $2.094 billion, representing a 25% increase year-over-year. The management highlighted continued investments in AI and go-to-market strategies as key drivers for future growth.Strong Revenue Growth
Cloudflare, Inc. achieved revenue of $459.9 million for Q4 2024, representing a 27% year-over-year increase.
Record Addition of Large Customers
The company added a record number of new large customers, increasing to 3,497, which is up 27% year over year.
Operating Profit and Margin Improvement
Operating profit was $67.2 million, a 69% increase year over year, with an operating margin of 14.6%.
High Sales Productivity
The sales team achieved a fifth consecutive quarter of double-digit year-over-year increases in sales productivity.
Expansion in AI and Security
The company reported significant progress in AI and security, citing large contracts with major companies and strategic partnerships.
Successful Go-to-Market Strategy
The company highlighted an effective go-to-market execution, with a focus on enterprise account executives, leading to strong sales performance.
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NET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $141.52 | $166.66 | +17.76% |
| Nov 07, 2024 | $95.66 | $91.25 | -4.61% |
| Aug 01, 2024 | $74.40 | $79.46 | +6.80% |
| May 02, 2024 | $88.97 | $74.40 | -16.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cloudflare (NET) report earnings?
Cloudflare (NET) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Cloudflare (NET) earnings time?
Cloudflare (NET) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NET EPS forecast?
NET EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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