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. (NET) provides a global cloud platform delivering security, performance, and reliability solutions for web properties. Track the latest company developments through this centralized hub featuring official announcements and market analysis.
This resource offers investors and technology professionals timely access to Cloudflare's strategic moves, including product innovations, cybersecurity initiatives, and infrastructure expansions. Find curated updates on network enhancements, partnership agreements, and leadership changes impacting the web services sector.
Key coverage areas include quarterly earnings disclosures, security threat responses, content delivery network upgrades, and edge computing advancements. All content is sourced from verified corporate communications and reputable financial analysis.
Bookmark this page for streamlined monitoring of Cloudflare's evolving market position and technological leadership in internet infrastructure solutions. Check back regularly for authoritative reporting on NET's progress in securing and accelerating digital experiences worldwide.
Cloudflare (NYSE: NET) has launched the Digital Experience Monitoring tool, part of its Zero Trust platform, to enhance visibility for IT teams managing remote work environments. This dashboard provides real-time, predictive, and historical insights on application performance across corporate networks, aimed at improving employee productivity. CEO Matthew Prince emphasized its role as a 'control tower' for corporate networks. Gartner forecasts that by 2026, 60% of leaders will utilize such tools, up from less than 20% in 2021.
Cloudflare, Inc. (NYSE: NET) announced it will release its fourth-quarter financial results for 2022 after U.S. markets close on February 9, 2023. An investor conference call will be held the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Interested participants can join by calling specific numbers provided in the announcement. A live webcast of the call will be available on Cloudflare's investor relations website, with a replay accessible for 30 days following the event.
Cloudflare, Inc. (NYSE: NET) released its third annual Year in Review, highlighting key internet trends from 2022. Notable findings include Google as the top online service, followed by Facebook, TikTok, and YouTube. Instagram surpassed Twitter in social media rankings. Additionally, internet traffic surged during the FIFA World Cup and Black Friday, while the U.S. led in phishing emails. Iran was reported to have the highest number of internet blackouts. Cloudflare continues to play a significant role in internet security and performance worldwide.
Cloudflare (NYSE: NET) has published its second annual Impact Report, highlighting its commitment to a better Internet. Key initiatives include:
- Provided free cyber security services to 130 Ukrainian entities amid the ongoing conflict.
- Launched rate limiting and Turnstile to enhance security and accessibility for all users.
- Project Galileo supports 2,150 vulnerable organizations facing cyber threats.
- In 2022, small businesses benefited from approximately $7 million worth of free CDN services.
The report emphasizes Cloudflare's role in advancing privacy technologies and environmental sustainability.
Cloudflare has achieved FedRAMP Moderate Status, allowing U.S. government agencies to utilize its Zero Trust cybersecurity solutions. This milestone enhances Cloudflare's commitment to supporting federal, state, and local governments, as well as the Defense Industrial Base in improving cybersecurity and infrastructure resilience. The Biden administration emphasizes the urgency of modern cybersecurity measures, encouraging Cloudflare's platform to meet evolving cyber requirements. Cloudflare currently serves over 40 federal agencies and offers services like the Athenian Project to protect election infrastructure.
Cloudflare (NYSE: NET) has launched the Impact Initiative, focusing on Project Safekeeping to support small and medium critical infrastructure organizations in Australia, Germany, Japan, Portugal, and the United Kingdom. This initiative provides free Zero Trust cybersecurity services to vulnerable organizations that are crucial to their communities. Eligible entities include nonprofits and local governments that deliver essential services. Cloudflare aims to enhance the security of these organizations amidst rising cyber threats, expanding on its previous efforts in the US.
Cloudflare (NYSE: NET) announces the availability of its Zero Trust security tools at no cost to at-risk public interest groups, including those in Project Galileo and the Athenian Project. This initiative aims to democratize access to advanced security solutions traditionally reserved for large enterprises. Over 10,000 customers currently utilize these tools, which protect against phishing and secure connections for vulnerable organizations. CEO Matthew Prince emphasizes the importance of these measures in safeguarding the digital presence of high-risk groups, journalists, and election sites against cyber threats.
Cloudflare has expanded its Workers Launchpad Funding Program to $2 billion, adding 14 new venture capital partners and onboarding 25 startups from 10 countries. Initially launched in September 2022 to fund applications built on Cloudflare Workers, the program has exceeded its initial $250 million goal, reflecting strong industry trust in its global network. The new cohort includes innovative firms like Apyfy and Grafbase, which focus on data privacy and backend development. This program aims to support the growing number of developers using Cloudflare.
Cloudflare reported Q3 revenue of $253.9 million, a 47% year-over-year increase, surpassing $1 billion in annualized revenue for the first time. The company added 159 large customers, totaling 1,908 large clients. While GAAP net loss was $42.5 million, a notable improvement from $107.3 million in the previous year, non-GAAP net income rose to $19.1 million. The firm aims to achieve $5 billion in annualized revenue in five years, highlighting strong market potential with less than 1% market penetration.
