cloudflare inc shares surged in the extended session thursday after the cybersecurity company reported results that topped wall street expectations and hiked its revenue outlook for the year cloudflare net shares rallied as much as 25 after hours following a 01 advance in the regular session to close at 5843 the company reported a secondquarter loss of 635 million or 20 cents a share compared with a loss of 355 million or 12 cents a share in the yearago period adjusted bottomline results which exclude stockbased compensation expenses and other items came in at breakeven a share compared with a loss of 2 cents a share in the yearago period revenue rose to 2345 million from 1524 million in the yearago quarter analysts surveyed by factset had forecast a loss of a penny a share on revenue of 2273 million “we delivered another strong quarter with revenue growth up 54 year over year driven by strength in our large customers and a record number of large customer additions” said matthew prince cloudflare’s chief executive and cofounder in a statement “large customers now represent 60 of our revenue and they are leaning forward to hear how cloudflare can save them money and reduce it complexity all while increasing their security performance and reliability” “companies aren’t abandoning the internet reverting back to outdated onpre boxes backlogged with supplychain issues or ditching cybersecurity when attacks are larger than ever” prince said “i’m confident cloudflare will continue to grow stronger even through the tough economic times that may be ahead” cloudflare expects bottomline results of breakeven to earnings of a penny a share on revenue between 250 million and 251 million for the third quarter while analysts had forecast earnings of a penny a share on revenue of 2469 million for the year the company raised its estimated revenue range but held to its adjusted earnings forecast of 3 cents to 4 cents a share cloudflare now sees revenue of 968 million to 972 million up from a previous estimate of 955 million to 959 million analysts estimate earnings of 3 cents a share on revenue of 9584 million yeartodate cloudflare shares have dropped 56 while the sp 500 index spx has declined 13 and the techheavy nasdaq composite index comp has fallen 19