Cloud services provider Cloudflare on Thursday forecast current-quarter revenue below Wall Street estimates on worries that corporate spending will remain tight triggered by economic uncertainty."With broadening geopolitical uncertainty and increasingly mixed macroeconomic data points... the business environment in which we operate remains challenging to predict," CFO Thomas Seifert said on an earnings call.
Cloudflare, which offers a suite of website and application services products including content delivery network services, said it expects fourth-quarter revenue between $352 million and $353 million, compared with market estimates of $356.3 million, according to LSEG data.
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