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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 has secured a $7.2 million contract from the Cybersecurity and Infrastructure Security Agency (CISA) to deliver Registry and Authoritative DNS services for the .gov domain. The contract aims to enhance security and resilience for government users. Cloudflare will provide managed name servers and automate DNS security management. This partnership supports CISA's efforts to reduce vulnerabilities in government infrastructure and improve incident detection. Additionally, Cloudflare's services are pivotal for U.S. Federal agencies, having previously provided a protective DNS resolver solution.

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Cloudflare (NYSE: NET) has announced new integrations with Microsoft Azure Active Directory, enabling businesses to implement Zero Trust security seamlessly. This enhancement allows clients to deploy security measures without code changes and includes features like Remote Browser Isolation for high-risk users. The integration also supports automated identity management, syncing user groups across platforms, saving IT teams significant time.

Since 2018, Cloudflare has partnered with Microsoft to enhance security solutions for clients, including Fortune 500 companies.

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Cloudflare, Inc. (NYSE: NET) has launched new Zero Trust email security solutions to combat phishing attacks and data loss. These tools are compatible with any email provider and can be deployed quickly, significantly reducing the complexity of traditional systems. In 2022, Cloudflare Area 1 blocked nearly 2.3 billion unwanted messages. With the new solutions, businesses can isolate suspicious links, stop data exfiltration, and onboard Microsoft 365 domains rapidly. This enhancement addresses the high costs associated with email security vulnerabilities, which amounted to nearly $2.4 billion in losses for U.S. businesses in 2021.

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Cloudflare, Inc. (NYSE: NET) has announced the launch of Magic WAN Connector, an open-source software package that integrates with Cloudflare One to provide a comprehensive SASE solution. This innovation enables businesses to connect and secure their corporate networks, enhancing performance and flexibility. CIOs seek unified vendor solutions, and Cloudflare's offering aligns with the trend towards single-vendor deployments in SASE. The company also expanded its Network On-ramp partner program, enhancing customer choice for connectivity options.

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Palantir Technologies announced a strategic partnership with Cloudflare to optimize cloud costs for organizations using multi-cloud environments. This collaboration aims to enhance visibility and control over cloud expenditures. By utilizing Palantir Foundry and Cloudflare's infrastructure, customers can identify cost-saving opportunities and streamline their cloud workloads. The partnership promises significant savings and improved efficiency, allowing companies to leverage a flexible, cloud-agnostic solution that supports cost-effective operations.

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Cloudflare (NYSE: NET) has launched the Digital Experience Monitoring tool, part of its Zero Trust platform, to enhance visibility for IT teams managing remote work environments. This dashboard provides real-time, predictive, and historical insights on application performance across corporate networks, aimed at improving employee productivity. CEO Matthew Prince emphasized its role as a 'control tower' for corporate networks. Gartner forecasts that by 2026, 60% of leaders will utilize such tools, up from less than 20% in 2021.

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Cloudflare, Inc. (NYSE: NET) announced it will release its fourth-quarter financial results for 2022 after U.S. markets close on February 9, 2023. An investor conference call will be held the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Interested participants can join by calling specific numbers provided in the announcement. A live webcast of the call will be available on Cloudflare's investor relations website, with a replay accessible for 30 days following the event.

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Cloudflare, Inc. (NYSE: NET) released its third annual Year in Review, highlighting key internet trends from 2022. Notable findings include Google as the top online service, followed by Facebook, TikTok, and YouTube. Instagram surpassed Twitter in social media rankings. Additionally, internet traffic surged during the FIFA World Cup and Black Friday, while the U.S. led in phishing emails. Iran was reported to have the highest number of internet blackouts. Cloudflare continues to play a significant role in internet security and performance worldwide.

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Cloudflare (NYSE: NET) has published its second annual Impact Report, highlighting its commitment to a better Internet. Key initiatives include:

  • Provided free cyber security services to 130 Ukrainian entities amid the ongoing conflict.
  • Launched rate limiting and Turnstile to enhance security and accessibility for all users.
  • Project Galileo supports 2,150 vulnerable organizations facing cyber threats.
  • In 2022, small businesses benefited from approximately $7 million worth of free CDN services.

The report emphasizes Cloudflare's role in advancing privacy technologies and environmental sustainability.

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Cloudflare has achieved FedRAMP Moderate Status, allowing U.S. government agencies to utilize its Zero Trust cybersecurity solutions. This milestone enhances Cloudflare's commitment to supporting federal, state, and local governments, as well as the Defense Industrial Base in improving cybersecurity and infrastructure resilience. The Biden administration emphasizes the urgency of modern cybersecurity measures, encouraging Cloudflare's platform to meet evolving cyber requirements. Cloudflare currently serves over 40 federal agencies and offers services like the Athenian Project to protect election infrastructure.

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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