(Bloomberg)-Cloudflare Inc. It was largest in almost a year, after the company announced a fourth -quarter revenue that beat expectations.
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Revenue for the quarter ended on December 31 27% increased to about $ 460 million, the company said in a statement, before the analysts estimate for $ 452.3 million.
The company's stock from San Francisco was up as much as 16% to $ 163.50 in New York on Friday, the largest Intraday jump since February 9, 2024.
Cloudflare's fourth quarter earnings per portion of 19 cents beat the consensus's estimation of the analyst of 18 cents narrowly.
The BUYS confidence hopes that the internal push of the cyber security company to target larger clients will begin to grab.
“We had a very strong end of 2024,” said CEO Matthew Prince in a statement. “We saw the highest ever growth in our largest customers, those spending more than $ 1 million with CloudFlare a year – closing a year with 173. We added 55 of those customers in 2024, and more came than half of these new additions during the fourth quarter on its own. “
Still, the company's report was tempered according to a first -quarter sales preview of $ 468 million to $ 469 million, short of analysts estimate of $ 475.2 million. The full -year revenue forecast for 2025 of $ 2.09 billion equated to expectations.
While the speed of hiring of new vendors has dragged general additions in the number, better efficiency among its ranks should assist further growth this year, Mike Cikos, Senior Analyst Needham & Co., said in a pre -report note.
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