Cloudflare Jumps 19% on Q4 Outlook Above Street at $845 Million Revenue
Updated
Updated · CNBC · Nov 6
Cloudflare Jumps 19% on Q4 Outlook Above Street at $845 Million Revenue
3 articles · Updated · CNBC · Nov 6
Summary
Cloudflare rose 19% premarket after forecasting current-quarter adjusted EPS of 43 cents a share, beating FactSet consensus of 38 cents.
Revenue guidance of $845 million to $846 million also topped analysts' $796 million estimate, driving the stock's outsized move.
Software trading was sharply split: JFrog surged 23% after raising full-year guidance, while Atlassian fell more than 18% on weaker data-center growth expectations and Five9 dropped over 17% after cutting adjusted EPS guidance.
AI-linked names also rebounded from Thursday's selloff, with Micron, AMD, Marvell, Nebius and CoreWeave higher premarket despite lingering concerns about data-center expansion constraints.