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 has launched the Zero Trust SIM, a groundbreaking solution that secures every packet of data from mobile devices. This development allows organizations to connect employee devices securely to Cloudflare’s network and integrate with its Zero Trust platform. Alongside this, the Zero Trust for Mobile Operators program enables carriers to offer mobile security tools seamlessly. The Zero Trust SIM employs eSIM technology for swift deployment and enhanced security against SIM-swapping attacks.
Cloudflare, Inc. (NYSE: NET) has expanded its Data Localization Suite to Australia, India, and Japan. Businesses in these regions can now manage their data localization needs while benefiting from Cloudflare's security and performance. This move addresses compliance challenges arising from new data protection laws, allowing companies to control traffic servicing and deploy serverless applications locally. Cloudflare’s global network supports over 275 cities, providing faster and safer services while aligning with international security certifications.
Cloudflare, Inc. (NYSE: NET) has announced the general availability of its Cloudflare R2 Storage, a distributed object storage service that eliminates egress costs for developers. This service allows seamless migration from S3-compatible APIs, enabling developers to focus on innovation without financial burdens from high storage fees. The initial beta attracted over 11,000 developers, and R2 aims to be at least 10% cheaper than S3 Standard. With R2, users can enhance application performance and reduce costs significantly by avoiding vendor lock-in and egress fees.
Cloudflare (NYSE: NET) has launched its Cloud Access Security Broker (CASB) and Data Loss Prevention (DLP) services as part of its Zero Trust platform. These tools enhance visibility and control over corporate SaaS applications, addressing increased security challenges faced by businesses using more cloud-based services. In the past 90 days, CASB has detected over five million cases of potential data oversharing. The integrated CASB and DLP services aim to protect sensitive data and prevent insider threats while ensuring quick deployment and minimal disruption to productivity.
Cloudflare, Inc. (NYSE: NET) reported Q2 2022 revenue of $234.5 million, reflecting a remarkable 54% year-over-year growth. The company added a record 212 large customers, totaling 1,749 large customers, which now drive 60% of its revenue. Despite achieving positive operating cash flow of $38.3 million (16% of revenue), Cloudflare experienced a GAAP net loss of $63.5 million. Gross margin slightly decreased to 76.2%. The cash balance stood at $1.64 billion as of June 30, 2022.
Cloudflare, Inc. (NYSE: NET) will report its financial results for Q2 2022, ending June 30, after market close on August 4, 2022. An investor conference call is scheduled for 2:00 p.m. PT to discuss the results, accessible via phone or live webcast on their investor relations website. A replay will be available for 30 days post-event. Cloudflare focuses on enhancing Internet security and performance, having been recognized among the World’s Most Innovative Companies in 2019.
Cloudflare (NYSE: NET) has launched the Cloudflare One Partner Program, designed to enhance collaboration with channel partners. This program integrates Zero Trust and Cloud Email Security solutions, enabling seamless deployment for organizations. In the last year, Cloudflare has seen a 100% increase in customers and a 6x rise in daily traffic. The program offers partners tools for implementation support and customer guidance, aiming to simplify Zero Trust adoption without disrupting workflows.
Cloudflare, Inc. (NYSE: NET) reported 100% year-over-year customer growth and a 6X increase in daily traffic due to the expansion of Cloudflare One, its Zero Trust SASE platform. This platform now features advanced email security, data loss prevention tools, and private network discovery, enabling organizations to secure resources without disrupting productivity. The service is integrated into Cloudflare's expansive network, simplifying deployment and enhancing performance. Major brands, including financial services and airlines, trust Cloudflare for their security needs.
FAQ
What is the current stock price of Cloudflare (NET)?
What is the market cap of Cloudflare (NET)?
What does Cloudflare, Inc. do?
Where is Cloudflare headquartered?
What is Cloudflare's edge computing platform?
How fast is Cloudflare’s network?
What are some of Cloudflare’s significant achievements?
Why is Cloudflare trusted for web security?
Is Cloudflare involved in the open-source community?
What programming languages does Cloudflare use?
Can individuals join Cloudflare’s mission?
What is Cloudflare’s stock symbol?
