Cloudflare Stock Plummets | Here's Why I Think It's a Buying Opportunity $NET Q3 Earnings - YouTube

Tags

Top Highlights

• Revenue grew 48 percent and came in ahead of both Wall Streets and Management's expectations same story on the bottom line

• gross margins tick down to little but that's nothing to be concerned about

• a net cash position of 200 million dollars

• customers jumped to 156 000 that is up 18 year over year

• large customers those paying over a hundred thousand dollars per year grew to over Nineteen Hundred that's really important because these customers are over 60 percent of cloudflare's Revenue they said that they saw a 51 percent increase

• dollar-based net retention rate came in at 124

• not satisfied with it until it's over 130 percent and they believe that that can happen based on adding seats

• cost of Revenue is up 65 percent not 2:37 great a stock based compensation and inflation was a huge part of that

• the company has gone from having a negative 3:12 25 margin back in 2019 to a one percent positive operating margin in the year ago quarter to a six percent uh positive operating margin in the current quarter

• expects revenue of 274 million dollars in the fourth quarter that matches wall Street's guidance

• full year your Management's calling for 49 growth they raised their guidance

• trading for 15 time sales

• 20 times gross profit