Business & Finance
Cloudflare Boosts Annual Profit View as AI Spurs Network Demand
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Cloudflare Boosts Annual Profit View as AI Spurs Network Demand Cloudflare Inc. lifted its profit forecast for a third time this year as rapid adoption of artificial intelligence continues to boost demand for networking services. The cybersecurity company now expects adjusted profit of $1.35 a share for the year, up from a previous forecast of $1.25 to $1.26 a share, it said in a statement on Thursday. Wall Street estimated $1.27 a share on average.
Cloudflare Boosts Annual Profit View as AI Spurs Network Demand
Cloudflare Inc. lifted its profit forecast for a third time this year as rapid adoption of artificial intelligence continues to boost demand for networking services.
The cybersecurity company now expects adjusted profit of $1.35 a share for the year, up from a previous forecast of $1.25 to $1.26 a share, it said in a statement on Thursday. Wall Street estimated $1.27 a share on average.