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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) 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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Cloudflare, Inc. (NET) was recognized as a Leader in The Forrester Wave™: Edge Development Platforms, Q4 2023, receiving the highest scores in 24 criteria, including pricing flexibility and transparency. Cloudflare's global network and developer platform provide the fastest route to innovation and a frictionless developer experience. The company's recent launch of solutions to build and deploy AI-powered apps positions its platform to power the next generation of AI applications. More than one million developers are building applications on Cloudflare, deploying serverless code instantly across the globe with exceptional performance, reliability, and scale.
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Cloudflare reports strong Q3 2023 financial results with revenue of $335.6 million, a 32% YoY increase. The company achieved operating cash flow of $68.1 million and free cash flow of $34.9 million. GAAP loss from operations was $39.2 million, while non-GAAP income from operations was $42.5 million.
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Cloudflare expands its presence in Mexico as cyber attacks rise
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Cloudflare, Inc. (NYSE: NET) to report Q3 2023 financial results on November 02, 2023.
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Cloudflare discloses new zero-day vulnerability called HTTP/2 Rapid Reset, which allows attackers to generate large-scale attacks. Cloudflare developed technology to automatically block these attacks for its customers. The vulnerability exploits the standard HTTP/2 protocol and affects about 60% of all web applications. Cloudflare successfully mitigated the attacks and collaborated with other infrastructure providers to extend mitigations to a large percentage of the Internet. The company emphasizes the continuous preparation and response to evolving threats.
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Cloudflare recognized as one of the Top 100 Most Loved Workplaces in 2023
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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