CacheFlow tops 4Q expectations

CacheFlow (Nasdaq: CFLO) lost less than analysts expected in the fourth quarter.

The provider of network caching technology reported a fiscal fourth quarter loss of $6.2 million, or 20 cents per share, excluding costs related to stock options. First Call consensus predicted a loss of 22 cents per share.

Including all charges, CacheFlow lost $17.7 million, or 56 cents per share during the quarter.

Fourth quarter revenue increased to $12.8 million, up 59 percent sequentially from $8 million in the third quarter.

For the full fiscal 2000, CacheFlow lost $22.3 million, or 82 cents per share, excluding stock compensation costs. Revenue for the year more than quadrupled to $29.3 million.

Shares of CacheFlow fell to 47 in afterhours activity on the Island electronic communications network, immediately following the quarterly report. The stock closed Wednesday's regular trading at 51 1/2, up 1 7/8.

Competitors of CacheFlow include Inktomi (Nasdaq: INKT).

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