Cloudflare, Inc. (NET)

NYSE: NET · IEX Real-Time Price · USD
86.71
-1.29 (-1.47%)
At close: Apr 18, 2024, 4:00 PM
85.51
-1.20 (-1.38%)
Pre-market: Apr 19, 2024, 5:47 AM EDT
-1.47%
Market Cap 29.28B
Revenue (ttm) 1.30B
Net Income (ttm) -183.95M
Shares Out 337.66M
EPS (ttm) -0.55
PE Ratio n/a
Forward PE 148.41
Dividend n/a
Ex-Dividend Date n/a
Volume 2,456,305
Open 87.73
Previous Close 88.00
Day's Range 86.03 - 88.37
52-Week Range 39.90 - 116.00
Beta 1.12
Analysts Hold
Price Target 86.17 (-0.62%)
Earnings Date May 2, 2024

About NET

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting pr... [Read more]

Sector Technology
IPO Date Sep 13, 2019
Employees 3,682
Stock Exchange NYSE
Ticker Symbol NET
Full Company Profile

Financial Performance

In 2023, Cloudflare's revenue was $1.30 billion, an increase of 32.97% compared to the previous year's $975.24 million. Losses were -$183.95 million, -4.88% less than in 2022.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for NET stock is "Hold." The 12-month stock price forecast is $86.17, which is a decrease of -0.62% from the latest price.

Price Target
$86.17
(-0.62% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Quectel Broadens RedCap Offering With Commercial Availability of RG255C-GL RedCap 5G Module

NURNBERG, Germany--(BUSINESS WIRE)--Embedded World--Quectel Wireless Solutions, a global IoT solutions provider, is delighted to announce the commercial availability of the RG255C-GL 5G RedCap Sub-6 G...

Other symbols: BAH
10 days ago - Business Wire

Cloudflare and Booz Allen Hamilton Now Delivering Rapid Incident Response for Enterprises Under Attack

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced a collaboration with Booz Allen Hamilton (NYSE: BAH), to support enterprises under...

Other symbols: BAH
10 days ago - Business Wire

Cloudflare Enters Observability Market with Acquisition to Enhance Serverless Performance

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare enters observability market with acquisition to keep pace with the evolving needs of modern web applications.

13 days ago - Business Wire

Cloudflare Announces Dates of First Quarter 2024 Financial Results and Investor Day

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that it will report its financial results for the first quarter ended March 31, 20...

14 days ago - Business Wire

Cloudflare Powers One-Click-Simple Global Deployment for AI Applications with Hugging Face

SAN FRANCISCO--(BUSINESS WIRE)--Developers can now deploy AI applications on Cloudflare's global network in one simple click directly from Hugging Face.

16 days ago - Business Wire

Cloudflare Channel and Alliance Business Revenue Accelerates 174% Over Two Years and Expands with Additional Paths to Revenue, Program Awarded 5-Stars by CRN

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that its channel revenue increased 174% over the last two years, and was recently ...

23 days ago - Business Wire

Kyndryl and Cloudflare Announce Global Strategic Alliance to Drive Enterprise Network Transformation, Multi-Cloud Innovation, and Zero Trust Security

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cloudflare, Inc. (NYSE: NET), a leading connectivity cloud company, today an...

Other symbols: KD
4 weeks ago - Business Wire

Tracking the Technical Support for: Cloudflare, Micron & Nike

Jay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss the technical support for Cloudflare, Micron Technology and Nike.

Other symbols: MUNKE
4 weeks ago - CNBC Television

Goldman senior banker Stephanie Cohen departs for strategy role at Cloudflare

Goldman Sachs Group Inc. senior banker Stephanie Cohen is leaving the bank after 25 years to become the first chief strategy officer at Cloudflare Inc., according to an internal memo seen by MarketWat...

4 weeks ago - Market Watch

Internet disruption hits West and Central Africa, Netblocks and Cloudflare data shows

Internet connectivity was disrupted in the West and Central Africa region, the internet observatory Netblocks said on Thursday, adding that the incident had affected networks supplying telecom compani...

5 weeks ago - Reuters

Cloudflare Doubles Down on Middle East; Expands Presence and Team to Support Growing Customer Demand

SAN FRANCISCO & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it is pushing forward with aggressive investment pla...

6 weeks ago - Business Wire

Cloudflare CEO Matthew Prince talks AI firewall and election cybersecurity

Matthew Prince, Cloudflare CEO, joins 'Closing Bell Overtime' to talk Meta crashing this week, its new AI firewall, multicloud networking and more.

6 weeks ago - CNBC Television

Cloudflare Enters Multicloud Networking Market: Unlocks Simple, Secure Multicloud for Businesses

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the launch of Magic Cloud Networking, a simple, secure and scalable way for busine...

6 weeks ago - Business Wire

Cloudflare Expands Capabilities to Protect Organizations Against Emerging Threats with Defensive AI

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced Defensive AI, a personalized approach to securing organizations against the new wa...

6 weeks ago - Business Wire

Cloudflare Firewall for AI Will Help Secure AI Applications, At Scale and For Free

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the development of Firewall for AI, a new layer of protection that will identify a...

6 weeks ago - Business Wire

Earnings Alert: NET Rallies, TTWO & AFRM Fall

Cloudflare (NET) rallies after strong earnings. Take-Two (TTWO) hits new 2024 low after earnings.

Other symbols: AFRMTTWO
2 months ago - Schwab Network

Cloudflare earnings send stock toward its best day in 14 months. Here's the caveat.

Cloudflare Inc. won big praise on Wall Street for its latest earnings, but the majority of analysts still decline to recommend its stock, largely due to concerns about the valuation.

2 months ago - Market Watch

Cloudflare Stock Surges on Strong Earnings, Upbeat Outlook—Key Price Level to Watch

Shares in Cloudflare (NET) surged nearly 25% in premarket trading Friday after the cybersecurity and content delivery solutions provider delivered a better-than-expected quarterly report and issued fi...

2 months ago - Investopedia

Cloudflare Stock Is Surging. It's ‘Firing Efficiently on All Cylinders.

Oppenheimer analysts say ‘breadth and depth of AI use cases are extraordinary' at Cloudflare.

2 months ago - Barrons

Cloudflare shares jump after upbeat first-quarter forecasts

Cloudflare forecast its first-quarter revenue and profit above market estimates on Thursday, betting on strong demand for its cloud and content delivery services, sending its shares up 24% in extended...

2 months ago - Reuters

Cloudflare stock jumps on earnings beat as the company wins larger deals

Fourth-quarter results and guidance for the current quarter came in higher than expected, with Cloudflare big deals adding up.

2 months ago - CNBC

Cloudflare's stock catapults higher as earnings beat captures ‘robust momentum'

Cloudflare Inc. shares surged 8% in Thursday's regular session and were poised to tack on substantial further gains after the company topped expectations with its latest financial results.

2 months ago - Market Watch

Cloudflare Appoints Mark Anderson as President of Revenue

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the appointment of Mark Anderson, a current member of Cloudflare's Board of Direct...

Other symbols: AYX
2 months ago - Business Wire

Cloudflare Announces Fourth Quarter and Fiscal Year 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced financial results for its fourth qu...

2 months ago - Business Wire

Cloudflare says state-backed hackers tried to burrow into its global network

Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into its global network late last year but were thwarted.

2 months ago - Reuters