Expected earnings are between $102.5 and $103.5 million.
They have 3 million+ paying/non-paying customers, 96,000 of which are paying, with 637 large customers ($100,000+/year).
They’re pretty diverse in terms of customer base so don’t expect a Fastly fiasco (losing Tik-Tik), however, they have exposure to small and medium sized businesses which may have affected their revenue this quarter.
Personally, I’m expecting an earnings beat due to WFH and many stores going virtual, plus their new security offerings.
I’m long NET with options expiring Dec 2020, Jan 2021, Jan 2022, and Jan 2023. I’m gonna hodl through elections + earnings. How about you?
https://finance.yahoo.com/news/whats-store-cloudflare-net-earnings-135701644.html
Submitted November 02, 2020 at 05:24PM by Unbiasedtruth2016 https://ift.tt/3jYd71S
