• Mon. Nov 30th, 2020

Pharma Oracle

Evolving Today for better Tomorrow

Invest to secure future: Cloudflare, Inc. (NYSE: NET)

On Monday, Cloudflare, Inc. (NYSE: NET) changed -16.47% to recent value of $15.92. The stock transacted 2996978 shares during most recent day however it has an average volume of 1964.48K shares. It spotted trading -36.37% off 52-week high price. On the other end, the stock has been noted 9.79% away from the low price over the last 52-weeks.

Cloudflare, Inc. (NET) recently reported financial results for its fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter Fiscal 2019 Financial Highlights

  • Revenue: Total revenue of $83.9M, representing a raise of 51% year-over-year.
  • Gross Profit: GAAP gross profit was $65.7M, or 78.3% gross margin, contrast to $42.5M, or 76.7%, in the fourth quarter of 2018. Non-GAAP gross profit was $66.0M, or 78.7% gross margin, contrast to $42.7M, or 76.9%, in the fourth quarter of 2018.
  • Operating Loss: GAAP loss from operations was $29.9M, or 35.7% of total revenue, contrast to $17.1M, or 30.8% of total revenue, in the fourth quarter of 2018. Non-GAAP loss from operations was $18.3M, or 21.8% of total revenue, contrast to $15.9M, or 28.7% of total revenue, in the fourth quarter of 2018.
  • Net Loss: GAAP net loss was $28.2M, contrast to $16.7M in the fourth quarter of 2018. Non-GAAP net loss was $16.4M, contrast to $15.6M in the fourth quarter of 2018. GAAP net loss per share was $0.10, contrast to $0.20 in the fourth quarter of 2018. Non-GAAP net loss per share was $0.06, contrast to $0.18 in the fourth quarter of 2018.
  • Cash Flow: Net cash flow from operations was negative $8.6M, contrast to negative $12.3M for the fourth quarter of 2018. Free cash flow was negative $23.5M, or 28% of total revenue, contrast to negative $29.0M, or 52% of total revenue, in the fourth quarter of 2018.
  • Cash, cash equivalents, and available-for-sale securities were $636.9M as of December 31, 2019.

Full Year Fiscal 2019 Financial Highlights

  • Revenue: Total revenue of $287.0M, representing a raise of 49% year-over-year.
  • Gross Profit: GAAP gross profit was $223.6M, or 77.9% gross margin, contrast to $149.1M, or 77.4%, in fiscal 2018. Non-GAAP gross profit was $224.4M, or 78.2% gross margin, contrast to $149.8M, or 77.7%, in fiscal 2018.
  • Operating Loss: GAAP loss from operations was $107.9M, or 37.6% of total revenue, contrast to $84.9M, or 44.1% of total revenue, in fiscal 2018. Non-GAAP loss from operations was $71.2M, or 24.8% of total revenue, contrast to $57.0M, or 29.6% of total revenue, in fiscal 2018.
  • Net Loss: GAAP net loss was $105.8M, contrast to $87.2M for fiscal 2018. Non-GAAP net loss was $69.5M, contrast to $59.5M for fiscal 2018. GAAP net loss per share was $0.72, contrast to $1.08 for fiscal 2018. Non-GAAP net loss per share was $0.48, contrast to $0.73 for fiscal 2018.
  • Cash Flow: Net cash flow from operations was negative $38.9M, contrast to negative $43.3M for fiscal 2018. Free cash flow was negative $96.2M, or 34% of total revenue, contrast to negative $78.1M, or 41% of total revenue, for fiscal 2018.

The section titled “Non-GAAP Financial Information” below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data.

Financial Outlook

For the first quarter of fiscal 2020, we expect:

  • Total revenue of $87 to $88M
  • Non-GAAP loss from operations of $20 to $19M
  • Non-GAAP net loss per share of $0.06 to $0.05, utilizing weighted average ordinary shares outstanding of about 297M

For the full year fiscal 2020, we expect:

  • Total revenue of $389 to $393M
  • Non-GAAP loss from operations of $65 to $61M
  • Non-GAAP net loss per share of $0.21 to $0.19, utilizing weighted average ordinary shares outstanding of about 303M

NET has a gross margin of 77.90% and an operating margin of -31.50% while its profit margin remained -31.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained -711.00% for this year while earning per share for the next 5-years is expected to reach at # ref.  The company has 325.22M of outstanding shares and 81.97M shares were floated in the market. According to the most recent quarter its current ratio was 9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -23.03% from the mean of 20 days, -16.46% from mean of 50 days SMA and performed -11.81% from mean of 200 days price. Company’s performance for the week was -23.24%, -11.90% for month and YTD performance remained -6.68%.

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