Cloudflare sees FY23 EPS 34c-35c, consensus 16c

Sees FY23 revenue $1.28B-$1.284B, consensus $1.33B. "Increasing macroeconomic uncertainty over the course of the first quarter resulted in a material lengthening of sales cycles and a significant backend-weighting of linearity. Despite the continued reacceleration of our new pipeline generation and our sustained high win rates and renewal rates during the first quarter, our guidance assumes these external headwinds will persist through the end of the fiscal year," said Thomas Seifert, CFO of Cloudflare.