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, Inc. (NYSE: NET) has acquired Zaraz, a company specializing in optimizing website performance and security by managing third-party tools. This marks Cloudflare's first acquisition of a company built on its developer platform, Cloudflare Workers. The transaction aims to enhance website speed and protect user privacy by reducing the reliance on multiple third-party services. Both companies express excitement about the potential for innovation and performance improvements in the digital space.
Cloudflare has launched the Oahu Program to assist organizations in migrating from traditional firewalls to its Zero Trust firewall solution. This initiative provides resources, capabilities, and potential discounts to streamline the transition. The cloud-native firewall allows CIOs to secure their networks without the complexities of hardware systems, supporting traffic from diverse sources. The company reported significant growth, with customers doubling year-over-year and daily traffic peaking at over 1.69Tbps. This advancement positions Cloudflare as a key player in network security.
Cloudflare (NYSE: NET) has surpassed two million applications on its platform, unveiling new tools and integrations aimed at simplifying application development. The company introduces features that enhance data management for developers, including Durable Objects, partnerships with MongoDB and Prisma, and new database connectors. These innovations are designed to streamline the use of existing databases and enhance the capabilities of Cloudflare Workers, enabling developers to build complex applications more efficiently.
Cloudflare, Inc. (NYSE: NET) announced that Oracle has joined the Bandwidth Alliance, an initiative aimed at eliminating unnecessary data transfer fees across the industry. This partnership enables customers using both Cloudflare and Oracle's services to avoid high data transfer costs. With 19 members now, the Bandwidth Alliance facilitates significant savings for shared customers. Oracle already offers competitive pricing for data transfers, allowing zero egress for data sourced from its Cloud Infrastructure, and aims to expand this globally.
Cloudflare reported a remarkable 51% revenue growth in Q3 2021, totaling $172.3 million. The company achieved a record addition of approximately 170 large customers, raising the total to 1,260, a 71% increase year-over-year. Despite a GAAP net loss of $107.3 million, Cloudflare reached non-GAAP break-even net income of $1.4 million, ahead of its timeline. GAAP gross profit margins improved to 78.2%, demonstrating robust operational efficiency.
Cloudflare (NYSE: NET) has been recognized as a leader in the Forrester New Wave™: Edge Development Platforms, Q4 2021 report. The company’s Cloudflare Workers Developer Platform received high marks in eight criteria, including developer experience and global deployment speed. CEO Matthew Prince highlighted the platform's potential for empowering developers to build scalable applications quickly. Cloudflare Workers offers instant global code deployment, robust security features, and seamless integration with various tools, all enhancing its appeal for developers worldwide.
Cloudflare (NYSE: NET) released a study revealing significant shifts in cybersecurity trends in the Asia Pacific region. In 2021, 54% of organizations reported an increase in cyber attacks compared to 2020. The rise in incidents forced 83% of IT leaders to revise their security procedures, with 44% attributing changes to remote work challenges. Additionally, 86% are aware of Zero Trust security models, and 66% have already implemented them. However, 67% face execution risks due to a lack of internal IT security expertise.
Cloudflare (NYSE: NET) announces a partnership with Microsoft, Yandex, and other search engines to enhance search efficiency through the IndexNow initiative. This collaboration introduces Crawler Hints, enabling website owners to signal when content is created, updated, or deleted, thus optimizing crawler efficiency. Approximately 45% of Internet traffic is generated by bots, and this initiative aims to improve site performance while reducing unnecessary bot traffic. Cloudflare customers can opt-in for this feature at no cost, enhancing their online presence.
Cloudflare, Inc. (NYSE: NET) will report its Q3 financial results for the period ending
The company will host an investor call on the same day at
Cloudflare, Inc. (NYSE: NET) is set to expand its network into over 1,000 prominent office buildings and multi-dwelling units worldwide, including iconic locations like Salesforce Tower and Willis Tower. This initiative aims to provide businesses with cost-effective, flexible solutions for connecting to Cloudflare’s Zero Trust and SASE security offerings, enhancing security and productivity in a hybrid work environment. Cloudflare has significantly increased its network capacity, tripling it in the last two years, to deliver superior performance and reliability.
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