💨 Abstract

Cloudflare has forecasted lower fourth-quarter revenue due to intense competition in the cybersecurity market and economic uncertainty, causing businesses to cut back on spending. The company's shares fell by 8% in extended trading. High inflation and interest rates have led to cost-cutting measures, affecting Cloudflare, a provider of content delivery network (CDN) services.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖