Welcome to our dedicated page for Cloudflare news (Ticker: NET), a resource for investors and traders seeking the latest updates and insights on Cloudflare stock.
Cloudflare, Inc., trading under the symbol NET, is a leading provider of web performance and security solutions. Founded in San Francisco, California, Cloudflare operates a highly-available global network that ensures websites function faster, are more secure, and are smarter. Catering to millions of websites, including those of large enterprises, major consumer destinations, and government agencies, Cloudflare has established itself as a critical player in the web infrastructure market.
Cloudflare’s core services include a distributed, serverless content delivery network (CDN) which accelerates the delivery of web pages to users. The company's edge computing platform, Workers, allows clients to deploy and execute code without the need to maintain servers, thereby enhancing flexibility and reducing operational overhead. This platform supports various programming languages like Nginx, Go, and Lua, and is a testimony to Cloudflare’s commitment to leveraging cutting-edge technology.
The company’s network serves hundreds of billions of page views per month and can reach 90% of the world’s population in less than 0.23 seconds. Cloudflare is also known for its robust security measures, having successfully defended against some of the largest DDoS attacks ever recorded. This extensive reach and resiliency make it a trusted name in web security.
Furthermore, Cloudflare is a strong supporter of the open-source community, regularly sharing its technological advancements and learnings via its blog. With offices in San Francisco and London, the company is on a mission to build a better web. They are actively seeking talented individuals to join their team and contribute to this mission.
In recent developments, Cloudflare continues to innovate and expand its offerings, forging new partnerships and enhancing its service capabilities. As a publicly traded company, Cloudflare's financial health and market performance are closely watched by investors and analysts.
Cloudflare (NYSE: NET) reported strong Q4 2024 financial results with revenue reaching $459.9 million, up 27% year-over-year. Full-year 2024 revenue totaled $1,669.6 million, representing a 29% increase from 2023.
The company achieved significant growth in large customers, with those spending over $1 million reaching 173, a 47% year-over-year increase. Q4 showed a GAAP loss from operations of $34.7 million (7.5% of revenue) and non-GAAP income from operations of $67.2 million (14.6% of revenue).
For 2025, Cloudflare projects Q1 revenue between $468.0-$469.0 million and full-year revenue of $2,090.0-$2,094.0 million. The company maintains strong liquidity with $1,855.9 million in cash and equivalents as of December 31, 2024.
Cloudflare (NYSE: NET) has announced significant moves to enhance its public sector security certifications globally. The company is pursuing FedRAMP High authorization in the United States, which represents the highest level of security control for federal government cloud services protecting sensitive, unclassified data.
Additionally, Cloudflare is seeking IRAP PROTECTED assessment in Australia and has already achieved ENS certification in Spain. These certifications demonstrate the company's commitment to meeting stringent security standards across government and critical infrastructure sectors.
Currently, Cloudflare provides security, performance, and reliability services to more than 40 United States Federal Government agencies, including departments such as Homeland Security, Justice, Treasury, and Health & Human Services.
Cloudflare (NYSE: NET) has launched a new one-click solution that allows publishers and media organizations to preserve the digital history of images across its global network. The solution implements Content Credentials, which acts as a digital 'nutrition label' tracking image creation, authorship, and modifications.
The system is based on standards from the Coalition for Content Provenance and Authenticity (C2PA), and Cloudflare has joined the Content Authenticity Initiative (CAI), an Adobe-led community with over 4,000 members. Users of Cloudflare Images can now enable 'Preserve Content Credentials' to safeguard embedded metadata across the network. When images are modified, transformations are recorded using public key cryptography and can be verified using Adobe's Content Authenticity Inspect tool.
This initiative aims to address challenges in verifying image authenticity, particularly relevant given the rise of generative AI and the increasing ease of creating convincing fake photos.
Cloudflare (NYSE: NET) has announced it will release its fourth quarter 2024 financial results after U.S. market hours on Thursday, February 6, 2025. The company will host an investor conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day to discuss the results.
Investors can join the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally, using conference ID 3723782. A live webcast will be available on Cloudflare's investor relations website, with a replay accessible for approximately 30 days following the event.
Cloudflare (NYSE: NET) has announced it will host an Investor Day on Wednesday, March 12, 2025, at the New York Stock Exchange. The event will run from 1:00 p.m. to 3:30 p.m. Eastern time (10:00 a.m. to 12:30 p.m. Pacific time). Investors can access the event through a live webcast on Cloudflare's investor relations website, with a replay available after the event.
Cloudflare (NYSE: NET) has published its fourth annual Impact Report, highlighting key achievements in protecting democratic processes and content creators' rights. The company provided cybersecurity services to 90+ political campaigns and 60+ local media sites ahead of the 2024 U.S. elections, while monitoring elections in over 70 countries through Cloudflare Radar.
Notable accomplishments include launching tools to help websites control AI bot access, expanding AI capabilities with GPUs in 180+ cities, and defending 2,900+ vulnerable Internet properties from an average of 95.8 million daily attacks. Through Project Alexandria, Cloudflare supported open source projects, contributing over $15 million in donated products and services in 2024.
Cloudflare (NYSE: NET) has released its fifth annual Year in Review, revealing significant Internet trends for 2024. Global Internet traffic increased by 17% year-over-year, with notable findings including:
- Google maintained its position as the most popular Internet service, followed by Facebook, Apple, and TikTok
- Gaming and Gambling became the most targeted industry for cyber threats, surpassing Finance
- Over 50% of global Internet outages were caused by government-directed shutdowns
- Approximately 6.5% of global traffic was identified as potentially malicious
- OpenAI remained the leading generative AI service, while Codeium, Claude, and CoPilot emerged as new entrants in the top 10
The report, based on data from Cloudflare's network spanning 330+ cities in 120+ countries, aims to provide insights into Internet usage and security trends.
Cloudflare (NYSE: NET) has been named to Fortune's Future 50 list for the second consecutive year, ranking #14 among global companies for 2024. The company demonstrated significant achievements in 2023, blocking an average of 165 billion cyber threats per day during Q3, including the world's largest DDoS attack. Currently, about 20% of web traffic runs through Cloudflare's network, serving millions of customers including 221,000+ paying customers and 35% of Fortune 500 companies.
The company's market expansion has led to projected growth in total addressable market from $176 billion in 2024 to $222 billion by 2027. The Fortune Future 50 recognition, determined by Fortune and Boston Consulting Group's analysis of nearly 3,000 companies, evaluates long-term growth prospects based on Strategy, Technology, Talent, and Culture.
Cloudflare (NYSE: NET) announced significant growth in Mexico following a year of expansion. The company added a new data center in Guadalajara, processed an average of 50 billion daily Internet requests, and blocked 99 million cyber threats per day in Q3 2024, marking a 35% increase from the previous quarter. The company's Mexico-based team grew by over 200% to more than 50 employees since opening its Mexico City office. Cloudflare's network now spans more than 330 cities globally, including 45 cities across Latin America and the Caribbean, serving approximately 20% of web traffic worldwide. Key Mexican customers include Caliente.mx and Bitso, with the company partnering with system integrators like NTT DATA to expand its regional presence.
Cloudflare (NYSE: NET) has been recognized as a Leader in the 2024 IDC MarketScape Worldwide Edge Delivery Services Vendor Assessment. The evaluation, which included eight vendors, highlighted Cloudflare's strengths in edge security capabilities, enterprise SASE/SSE services, and developer platform features. The IDC MarketScape praised Cloudflare's competitive position and innovation drive, particularly noting its focus on AI/ML integration across product lines and its customizable developer solutions. The company's self-serve portal with detailed analytics and enterprise-grade services was also highlighted as a key strength.
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