▲ 11 r/options
Cloudflare ($NET) down nearly 19% after earnings
Cloudflare is down nearly 19% after hours despite beating Q1 expectations. Looks like the market is reacting less to the headline earnings and more to the 20% workforce cut, restructuring costs, and softer near-term guidance.
That put I bought before market close yesterday is looking pretty good right now...
u/Call_Me_Caillou — 6 days ago