SAN FRANCISCO (AP) _ Cloudflare, Inc. (NET) on Thursday reported a loss of $26.1 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 9 cents. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The web security and content delivery company posted revenue of $99.7 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $94.3 million.
For the current quarter ending in October, Cloudflare expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share.
The company said it expects revenue in the range of $102.5 million to $103.5 million for the fiscal third quarter.
Cloudflare expects full-year results to range from a loss of 18 cents per share to a loss of 17 cents per share, with revenue ranging from $404 million to $408 million.
Cloudflare shares have more than doubled since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NET at https://www.zacks.com/ap/NET
Automated Insights, source Associated Press News