Cloudflare lifts full-year profit outlook for third time, shares jump 20% after hours

Cointime update: Cloudflare raised its full-year profit forecast for the third time this year, saying it now expects adjusted earnings per share of $1.35, up from a prior range of $1.25 to $1.26. The Wall Street consensus was $1.27. CEO Matthew Prince said the company accelerated growth to its fastest revenue growth in nearly four years while expanding profitability. The stock, up 24% this year through Thursday’s close, rose nearly 20% in after-hours trading.