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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. (NET) provides a global cloud platform delivering security, performance, and reliability solutions for web properties. Track the latest company developments through this centralized hub featuring official announcements and market analysis.

This resource offers investors and technology professionals timely access to Cloudflare's strategic moves, including product innovations, cybersecurity initiatives, and infrastructure expansions. Find curated updates on network enhancements, partnership agreements, and leadership changes impacting the web services sector.

Key coverage areas include quarterly earnings disclosures, security threat responses, content delivery network upgrades, and edge computing advancements. All content is sourced from verified corporate communications and reputable financial analysis.

Bookmark this page for streamlined monitoring of Cloudflare's evolving market position and technological leadership in internet infrastructure solutions. Check back regularly for authoritative reporting on NET's progress in securing and accelerating digital experiences worldwide.

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Cloudflare, Inc. (NYSE: NET) reported strong first quarter financial results for 2024, with a 30% year-over-year revenue increase to $378.6 million. The company also achieved record net-new customers spending over $100,000, $500,000, and $1 million annually. Cloudflare's GAAP gross profit was $293.6 million, with a 77.5% margin, while non-GAAP income from operations reached $42.4 million. Operating cash flow was $73.6 million, and free cash flow was $35.6 million. Cloudflare's CEO, Matthew Prince, highlighted the company's growth, innovation, and customer expansion, emphasizing a positive outlook for the future.

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Cloudflare collaborates with Booz Allen Hamilton to provide expedited Under Attack as a Service (UAaaS) with 30-Day Rapid Response DDoS Mitigation. The partnership offers immediate Incident Response to enterprises facing cyber attacks, ensuring rapid protection and continuous monitoring. Cloudflare's industry-leading technology and Booz Allen's expertise combine to safeguard organizations during critical times of cyber threats.
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Cloudflare acquires Baselime to enter the observability market, enhancing developer platform tools for serverless apps. The acquisition aims to provide deep insights, improve performance, and optimize costs for developers building on Cloudflare's platform.
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Cloudflare, Inc. (NYSE: NET) will announce its Q1 2024 financial results on May 02, 2024, followed by an investor conference call. An Investor Day is scheduled for May 30, 2024, in New York City.
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Cloudflare, Inc. (NET) announces the availability of Workers AI for easy deployment of AI applications globally in collaboration with Hugging Face. Workers AI offers affordable and accessible solutions to run inference with GPUs deployed in over 150 cities worldwide. Developers can now deploy AI models in one click from Hugging Face on Cloudflare's global network.
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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

NYSE:NET

NET Rankings

NET Stock Data

37.23B
307.49M
0.75%
88.19%
2.11%
Software - Infrastructure
Services-prepackaged Software
Link
United States
SAN FRANCISCO