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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. (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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Cloudflare, Inc. (NET) published its inaugural API Security and Management Report, revealing that APIs account for the majority of Internet traffic and remain largely unsecured. The report highlights the gap between organizations' use of APIs and their ability to safeguard the data, emphasizing the potential threats posed by unmanaged or unsecured APIs. Key findings include high spikes of API traffic in unlikely industries, APIs dominating global Internet traffic, and an increase in attack volume due to the rise in popularity of APIs.
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Cloudflare, Inc. (NYSE: NET) published its third annual Impact Report, highlighting key milestones in protecting vulnerable groups online, securing US K-12 school districts, encouraging responsible AI development, and reducing carbon emissions. The report details how the company protected 2,400 vulnerable Internet properties from an average of 67.7 million cyber threats per day, shielded K-12 school districts from sophisticated online attacks for free, democratized access to responsible AI, and helped companies reduce their IT infrastructure's carbon footprint by up to 96%.
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Cloudflare, Inc. (NET) published its fourth annual Year in Review, revealing a 25% increase in global Internet traffic in 2023. The report explores insights on the most popular Internet services, social media platforms, and Generative AI sites. Google, Facebook, and OpenAI secured top positions. Threat actors targeted financial organizations, leveraging deceptive links and extortion attempts as the most common cyberthreats. The report also highlighted over 180 Internet outages in 2023, with a focus on the company's role in maintaining online resilience and security.
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Cloudflare, Inc. (NYSE: NET) has been named a Fortune Future 50 company for 2023, ranked number six of the top fifty companies. This recognition comes after an examination of more than 1,700 publicly traded companies globally, based on their long-term growth prospects. Cloudflare has shown remarkable financial, customer, and technology momentum, increasing its large customer base by 34% year-over-year and playing a crucial role in discovering the online threat that led to the largest cyber attack in Internet history.
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FAQ

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

The current stock price of Cloudflare (NET) is $104.24 as of November 21, 2024.

What is the market cap of Cloudflare (NET)?

The market cap of Cloudflare (NET) is approximately 35.4B.

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

35.44B
303.93M
0.59%
86.43%
2.95%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO