Cloudflare, Inc. (NET)

NYSE: NET · Real-Time Price · USD
96.47
+0.10 (0.10%)
At close: Nov 20, 2024, 4:00 PM
99.60
+3.13 (3.24%)
Pre-market: Nov 21, 2024, 7:41 AM EST
0.10%
Market Cap 33.11B
Revenue (ttm) 1.57B
Net Income (ttm) -93.82M
Shares Out 343.19M
EPS (ttm) -0.28
PE Ratio n/a
Forward PE 123.35
Dividend n/a
Ex-Dividend Date n/a
Volume 2,013,860
Open 96.56
Previous Close 96.37
Day's Range 93.16 - 96.96
52-Week Range 66.24 - 116.00
Beta 1.10
Analysts Hold
Price Target 93.43 (-3.15%)
Earnings Date Nov 7, 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 24 analysts, the average rating for NET stock is "Hold." The 12-month stock price forecast is $93.43, which is a decrease of -3.15% from the latest price.

Price Target
$93.43
(-3.15% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Cloudflare Expands Presence in Mexico Amid Growing Internet Usage and Cybersecurity Threats

MEXICO CITY--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company on a mission to help build a better Internet, today announced its continued growth in the Mexico mark...

22 hours ago - Business Wire

Cloudflare Named a Leader in the 2024 IDC MarketScape for Worldwide Edge Delivery Services

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, has been named a Leader in the IDC MarketScape Worldwide Edge Delivery Services 2024 Vendor Assess...

2 days ago - Business Wire

Cloudflare's Golden Cross, AI Innovation Signal Next Growth Phase

Cloudflare Inc. NET just flashed a Golden Cross—a classic bullish signal that has technical traders buzzing.

7 days ago - Benzinga

Cloudflare: Not Good Enough

Cloudflare has a strong business potential in AI and network security, with Q3 revenues up nearly 28% and $1.8 billion in cash. Despite a great quarter, Cloudflare's Q4 revenue guidance of $451-$452 m...

8 days ago - Seeking Alpha

Is Cloudflare A Good Buy After Q3 Results?

Cloudflare's Q3 results showed decent top- and bottom-line beats but were marred by slowing revenue growth and conservative Q4 guidance. Cloudflare is deepening its impetus with large enterprise clien...

9 days ago - Seeking Alpha

Cloudflare Q3: Another Beat And Raise Gets It Closer To Its $5 Billion Revenue Target

I have raised my price target for Cloudflare to $120/share, representing an upside of 33% given its continued momentum in $100K+ ARR customers and growing operating leverage. Its Q3 FY24 earnings show...

9 days ago - Seeking Alpha

Cloudflare CEO Matthew Prince talks earnings and impact of Trump presidency on cyber security

Matthew Prince, Cloudflare CEO, joins 'Closing Bell Overtime' to talk quarterly results.

12 days ago - CNBC Television

Cloudflare, Inc. (NET) Q3 2024 Earnings Call Transcript

Cloudflare, Inc. (NET) Q3 2024 Earnings Call Transcript

13 days ago - Seeking Alpha

Cloudflare's Q4 revenue forecast falls short as cybersec competition intensifies

Cloudflare forecast fourth-quarter revenue below estimates on Thursday, hurt by intense competition in the cybersecurity market while businesses cut back on spending in an uncertain economy.

13 days ago - Reuters

Cloudflare Announces Third Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its third quarter ended September 30, 2024. "I am pleased wi...

13 days ago - Business Wire

Cloudflare's Secure Network Can Be Its Golden Ticket For Growth (Earnings Preview)

Cloudflare, Inc.'s Q3 '24 earnings forecast is $424mm in revenue and $0.18/share EPS, with analysts upgrading EPS forecasts twice in the last 90 days. Strong growth in Cloudflare's secure network and ...

14 days ago - Seeking Alpha

Cloudflare Expands EMEA Operations with New Headquarters to Further Support Growing Customer Demand & Innovation

SAN FRANCISCO & LISBON, Portugal--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the opening of a new headquarters and technical hub in Lisbon, ...

4 weeks ago - Business Wire

Cloudflare Stock Has Further To Run On Revenue, Margin Improvement

Cloudflare's stock has been rising, and recent developments suggest further upside potential. The acquisition of Kivera enhances Cloudflare's security, data protection, and compliance capabilities for...

5 weeks ago - Seeking Alpha

Cloudflare Appoints Chirantan “CJ” Desai as President of Product & Engineering; Continues Strong Leadership Team Momentum in 2024

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to f...

5 weeks ago - Business Wire

Cloudflare Announces Date of Third Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that it will report its financial results for the third quarter ended September 30...

6 weeks ago - Business Wire

Cloudflare Acquires Kivera to Deliver Simple, Preventive Cloud Security

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the acquisition of Kivera, a cloud security, data protection, and compliance platf...

6 weeks ago - Business Wire

Cloudflare Is About To Run (Technical Analysis)

Cloudflare Inc. has shown significant volatility, making it an exciting stock to trade but challenging to hold long term. Technical indicators suggest potential for a breakout above $83.50, driven by ...

6 weeks ago - Seeking Alpha

Cloudflare: Growth Set To Accelerate In 2025

Cloudflare's valuation remains high, but its financial performance and product innovation position it as a best-in-class company. Rumors of a DigitalOcean acquisition suggest Cloudflare aims to expand...

7 weeks ago - Seeking Alpha

Cloudflare Named Winner of the 2024 DigiCert Quantum Readiness Award

Awards honor organizations for taking action early to be quantum secure; Migros and DXC Technology selected as award finalists Awards honor organizations for taking action early to be quantum secure; ...

7 weeks ago - GlobeNewsWire

Cloudflare Enhances AI Inference Platform with Powerful GPU Upgrade, Faster Inference, Larger Models, Observability, and Upgraded Vector Database

SAN FRANCISCO--(BUSINESS WIRE)--Applications built on Workers AI can now benefit from faster inference, bigger models, improved performance analytics, and more.

7 weeks ago - Business Wire

Cloudflare Introduces Speed Brain to Instantly Make Millions of Web Pages 45% Faster

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare announces Speed Brain, a new product that works with the most popular web browsers to speed up how webpages load by 45% faster, for free.

2 months ago - Business Wire

Cloudflare Helps Secure the World's Most Popular Messaging Applications

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare is helping to build trust that end-to-end encrypted messages are delivered to the intended recipients.

2 months ago - Business Wire

Cloudflare Democratizes Access to Critical Security Tools For Free, Helps Make the Internet Safer For Everyone

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that it is making several critical security tools free, including access to its co...

2 months ago - Business Wire

Cloudflare Introduces Threat Intel Team and Commits to Making Precise and Timely Global Threat Research Accessible For Anyone

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced its threat intelligence team, Cloudforce One, will make its research public for th...

2 months ago - Business Wire

Cloudflare CEO: We Did Not Facilitate X Skirt Brazil Ban

Cloudflare CEO Matthew Prince says the company did not facilitate X going back online in Brazil after a ban from the country's authorities. Plus, Cloudflare announces a first-of-its kind way to help w...

2 months ago - Bloomberg Technology