Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance - Here's Why
Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance - Here's Why
Cloudflare, Inc. (NYSE:NET) reported its first-quarter financial results after the bell on Thursday. Here are the details.
Cloudflare, Inc.（纽约证券交易所代码：NET）在周四收盘后公布了其第一季度财务业绩。以下是详细信息。
Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 13 cents by 23.08%. The company closed quarterly sales of $378.6 million, which beat the analyst consensus estimate of $373.09 million. It represents a 30.47% growth from the prior year's period.
Cloudflare公布的季度每股收益为16美分，比分析师普遍预期的13美分高出23.08％。该公司完成的季度销售额为3.786亿美元，超过了分析师共识估计的3.7309亿美元。它比去年同期增长了30.47％。
Free cash flow was $35.6 million, or 9% of revenue, compared to $13.9 million, or 5% of revenue, in the first quarter of 2023. Cash and equivalents totaled $1.716 billion as of March 31, 2024.
自由现金流为3560万美元，占收入的9％，而2023年第一季度为1,390万美元，占收入的5％。截至2024年3月31日，现金及等价物总额为17.16亿美元。
"The first quarter marked a strong start to the year, as we grew revenue 30% year-over-year to $378.6 million—fueled by a record number of net-new customers year-over-year spending more than $100,000, $500,000, and $1 million with Cloudflare on an annualized basis. I'm incredibly proud of the fact that our team has been able to continue to build our network, service larger and larger customers, and launch entirely new categories of products—including in the AI space—while also remaining disciplined with our gross and operating margins and our free cash flow," said Matthew Prince, CEO of Cloudflare.
“第一季度标志着今年的强劲开局，我们的收入同比增长了30％，达到3.786亿美元，这得益于创纪录的净新客户在Cloudflare的年支出超过10万美元、50万美元和100万美元。Cloudflare首席执行官马修·普林斯说，我们的团队能够继续建立我们的网络，为越来越大的客户提供服务，并推出全新的产品类别——包括在人工智能领域——同时还能保持对毛利率和营业利润率以及自由现金流的纪律，这让我感到非常自豪。”
Outlook: Cloudflare sees second-quarter revenue between $393.5 million and $394.5 million, versus the $393.4 million estimate, and adjusted earnings of approximately 14 cents per share versus the 13 cents estimate.
展望：Cloudflare预计第二季度收入在3.935亿美元至3.945亿美元之间，而预期为3.934亿美元，调整后的每股收益约为14美分，而预期为13美分。
The company expects full-year 2024 revenue between $1.648 billion and $1.652 billion, versus the $1.653 billion estimate, and adjusted earnings between 60 cents and 61 cents per share, versus the 60 cent estimate.
该公司预计，2024年全年收入在16.48亿美元至16.52亿美元之间，而预期为16.53亿美元，调整后的每股收益在60美分至61美分之间，而预期为60美分。
Related News: Rivian Automotive Receives $827M Incentive Package: What's Going On With Rivian Stock?
相关新闻：Rivian Automotive 获得 8.27 亿美元的激励计划：Rivian 股票怎么了？
NET Price Action: According to Benzinga Pro, Cloudflare shares are down 14.20% after-hours at $76.30 at the time of publication Thursday.
净价格走势：根据Benzinga Pro的数据，截至周四发布时，Cloudflare股价盘后下跌14.20％，至76.30美元。
译文内容由第三方软件翻译。