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Cloudflare, Inc. - NET STOCK NEWS

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.

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Cloudflare, Inc. (NET) announces a 174% increase in channel revenue over the last two years and receives a 5-Star ranking for its PowerUP Partner Program. The program offers clear revenue paths for partners globally, focusing on cybersecurity, modernization, platform consolidation, and data compliance. Partner testimonials highlight successful collaborations with industry leaders like IBM Cloud, Kyndryl, GuidePoint Security, Dicker Data, and TD SYNNEX.
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Kyndryl and Cloudflare partner to modernize IT infrastructures with enhanced cloud connectivity and network security.
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Kyndryl and Cloudflare announce a global strategic alliance to modernize IT infrastructures, streamline connectivity to multiple clouds, and enhance network security. The partnership aims to accelerate digital maturity, reduce IT spend, extend network security, and leverage sustainable networking.
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Cloudflare, Inc. (NET) announces increased investment in the Middle East to capitalize on the region's rapid digital transformation. The company opens a new office in Dubai Internet City, expands team, and strengthens partnerships to support customer success. Cloudflare's cybersecurity protection blocks 9.5 billion cyber threats daily in the region. The company aims to double its headcount in the Middle East over the next two years to meet growing demand.
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Cloudflare, Inc. (NYSE: NET) introduces Magic Cloud Networking after acquiring Nefeli's technology, offering a simple, secure, and scalable solution for businesses to connect and secure their public cloud environments. The acquisition positions Cloudflare uniquely to help businesses discover, connect, and protect any cloud environment seamlessly, reducing the cost of managing multiple cloud providers and providing greater control, visibility, agility, and resiliency.
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Cloudflare, Inc. (NET) introduces Firewall for AI to protect organizations from attacks on Large Language Models (LLMs). The new security layer aims to prevent tampering and abuse of AI applications, addressing the rising concerns of AI risks among C-suite executives. Cloudflare's global network powers the Firewall for AI, offering rapid threat detection, automatic blocking of threats, and free default security for LLMs running on Cloudflare's Workers AI.
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Cloudflare, Inc. (NET) introduces Defensive AI to protect organizations from AI-enhanced attacks, phishing scams, and malicious code. The personalized approach offers tailored mitigations based on unique traffic patterns, enabling protection of critical applications and networks. Cloudflare's AI models analyze customer traffic patterns to provide a tailored defense strategy. Features include API Anomaly Detection to protect web APIs, Cloud Email Security to combat phishing attacks, and Cloudflare Gateway for insider threat mitigation.
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Cloudflare, Inc. (NYSE: NET) appoints Mark Anderson as President of Revenue to accelerate growth, aiming for $5 billion in annual recurring revenue. Anderson brings 25+ years of experience in scaling revenue at enterprise technology companies, such as Alteryx and Palo Alto Networks.
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Cloudflare, Inc. (NET) reported strong financial results for Q4 and fiscal year 2023, with total revenue of $362.5 million and $1,296.7 million, representing a 32% and 33% year-over-year increase respectively. The company achieved record operating and free cash flow, with notable growth in large customers and the public sector. However, GAAP loss from operations was $42.8 million for Q4, and $185.5 million for the fiscal year, indicating a negative aspect of the report.
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Cloudflare, Inc. (NYSE: NET) will report its Q4 2023 financial results on February 08, 2024, after the U.S. market closes. An investor conference call will be held at 2:00 p.m. Pacific time to discuss the results. Interested parties can access the call by dialing (877) 400-4517 or (332) 251-2620 internationally with conference ID 3723782. A live webcast will be available on cloudflare.NET, with a replay available for approximately 30 days.
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FAQ

What is the current stock price of Cloudflare (NET)?

The current stock price of Cloudflare (NET) is $112.69 as of December 20, 2024.

What is the market cap of Cloudflare (NET)?

The market cap of Cloudflare (NET) is approximately 38.5B.

What does Cloudflare, Inc. do?

Cloudflare provides web performance and security solutions through a global network, making websites faster, safer, and smarter.

Where is Cloudflare headquartered?

Cloudflare is headquartered in San Francisco, California, with additional offices in London.

What is Cloudflare's edge computing platform?

Cloudflare’s edge computing platform is called Workers. It allows clients to deploy and execute code without maintaining servers.

How fast is Cloudflare’s network?

Cloudflare’s network can reach 90% of the world’s population in less than 0.23 seconds.

What are some of Cloudflare’s significant achievements?

Cloudflare has defended against some of the largest DDoS attacks ever recorded and serves hundreds of billions of page views monthly.

Why is Cloudflare trusted for web security?

Cloudflare incorporates robust security measures at every layer of its global network, ensuring strong protection against cyber threats.

Is Cloudflare involved in the open-source community?

Yes, Cloudflare is a strong supporter of the open-source community and regularly shares its technological advancements via its blog.

What programming languages does Cloudflare use?

Cloudflare's team works with leading technologies including Nginx, Go, and Lua.

Can individuals join Cloudflare’s mission?

Yes, Cloudflare is always looking for smart, talented people to join their team in building a better web.

What is Cloudflare’s stock symbol?

Cloudflare, Inc. trades on the stock market under the symbol NET.

Cloudflare, Inc.

NYSE:NET

NET Rankings

NET Stock Data

38.52B
303.93M
0.59%
86.42%
2.53%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO