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) has been recognized as a Leader in DDoS Mitigation Solutions by Forrester Research in their Q1 2021 report. The company's DDoS solutions received top scores in 15 categories, including threat detection and speed of implementation. Cloudflare's global network spans over 200 cities, blocking an average of 57 billion cyber threats daily, highlighting its capacity to handle extensive DDoS attacks. This acknowledgment reinforces Cloudflare's commitment to providing robust security for all its customers, from individual bloggers to large enterprises.
Cloudflare reported a remarkable fourth quarter and full year 2020, with revenue up 50% year-over-year to $125.9 million. Paid customers exceeded 111,000, highlighting strong demand. However, GAAP net loss was $34 million, slightly higher than $28.2 million in Q4 2019. Operating loss decreased significantly, with non-GAAP loss from operations at $5.5 million. The company ended the year with $1.03 billion in cash and equivalents. For 2020, total revenue reached $431.1 million, with a GAAP net loss of $119.4 million. Cloudflare's innovation and customer growth continue to drive its strategy.
Cloudflare, Inc. (NYSE: NET) has launched Project Fair Shot, providing COVID-19 vaccine distributors with free access to its Waiting Room technology. This initiative aims to create a fair digital queuing system for vaccine registration, allowing users to know their waiting status remotely. Project Fair Shot will help organizations manage high demand without additional coding resources. Cloudflare's co-founder, Matthew Prince, emphasized the project's goal to ensure equitable vaccine distribution. Interested distributors can join the waitlist at cloudflare.com/fair-shot.
Cloudflare, Inc. (NYSE: NET) will report its fourth quarter financial results on February 11, 2021, after the U.S. market closes. An investor conference call is scheduled for the same day at 2:00 p.m. PT. Interested participants can join via telephone or a live webcast on the Cloudflare investor relations website. Additionally, a virtual Investor Day will take place on February 12, 2021, at 12:00 p.m. PT, featuring discussions on the company's platform, products, and financial progress. Replay options will be available for both events.
Cloudflare, Inc. (NYSE: NET) has launched Cloudflare Pages, a next-generation website development platform designed for speed, security, and scalability. This JAMstack-compatible service promises performance up to twice as fast as competitors and is ideal for developers seeking an efficient, collaborative web-building experience. Key features include automatic preview links, cost-effective free plans, and integration with GitHub and Cloudflare Workers, providing robust support for developers. The platform aims to empower individual developers to create significant applications, enhancing Cloudflare's commitment to improving internet infrastructure.
Cloudflare, Inc. (NYSE: NET) has launched its Data Localization Suite, designed to assist businesses globally in managing data locality, privacy, and compliance needs. This suite allows companies to utilize Cloudflare’s extensive network while ensuring compliance with regional data regulations. It provides tools such as Regional Services for data inspection location control, Jurisdiction Tags for serverless code deployment, and alignment with global security certifications. Cloudflare aims to enhance privacy and flexibility for businesses operating across various regions.
Cloudflare, Inc. (NYSE: NET) has announced the opening of its fourth European office in Paris, enhancing its presence in the region. This move follows previous expansions in London, Munich, and Lisbon. The Paris office aims to boost brand awareness, customer support, and recruitment efforts. Boris Lecoeur has been appointed as the first Head of France, bringing over 20 years of experience in tech leadership. Cloudflare currently serves over 3.2 million customers globally, including notable French enterprises like L’Oréal and Criteo. The company has expanded its EMEA team by 55% over the past year.
Cloudflare, Inc. (NYSE: NET) has launched Cloudflare One, a cloud-based network-as-a-service solution designed to secure and enhance the performance of workforces operating remotely. As organizations transition away from traditional security models, Cloudflare One integrates Zero Trust principles, ensuring secure connections for employees regardless of their location. According to Forrester's study, 76% of companies find their security measures outdated, prompting a shift to a Zero Trust framework. The platform connects various applications securely, enhancing user experience while safeguarding against cyber threats.
Cloudflare, Inc. (NYSE: NET) will release its financial results for the third quarter ending September 30, 2020, after U.S. market hours on November 5, 2020. Following the announcement, an investor conference call is scheduled for 2:00 p.m. Pacific time (5:00 p.m. Eastern) to discuss the results. Participants can join by phone or through a live webcast on Cloudflare's website. A replay of the call will be accessible for 30 days.
The company aims to enhance internet security and performance through its global network.
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