Cloudflare, Inc. (NET)

NYSE: NET · Real-Time Price · USD
81.07
+0.58 (0.72%)
Oct 8, 2024, 1:49 PM EDT - Market open
0.72%
Market Cap 27.70B
Revenue (ttm) 1.48B
Net Income (ttm) -102.02M
Shares Out 341.70M
EPS (ttm) -0.30
PE Ratio n/a
Forward PE 108.46
Dividend n/a
Ex-Dividend Date n/a
Volume 574,282
Open 79.48
Previous Close 80.49
Day's Range 79.16 - 81.50
52-Week Range 53.88 - 116.00
Beta 1.10
Analysts Hold
Price Target 91.61 (+13.0%)
Earnings Date Oct 31, 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 $91.61, which is an increase of 13.00% from the latest price.

Price Target
$91.61
(13.00% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

4 hours 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 ...

1 day 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...

6 days 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; ...

11 days 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.

12 days 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.

13 days 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.

14 days 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...

14 days 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...

14 days 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...

14 days ago - Bloomberg Technology

Cloudflare Helps Content Creators Regain Control of their Content from AI Bots

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare announced AI Audit, a set of tools to help websites of any size analyze and control how their content is used by AI companies.

15 days ago - Business Wire

Cloudflare: Keep On Riding The Recovery

Cloudflare stock has performed well since my previous upgrade, outperforming the S&P 500 easily. Its global networking platform is fundamental to its edge computing growth thesis. Cloudflare's CapEx i...

5 weeks ago - Seeking Alpha

Cloudflare's Sales Productivity Growth Is Helping It Win $100K+ ARR Deals Faster

I had upgraded Cloudflare stock to a “buy” in my previous rating in May as the selloff presented an attractive entry point given the company's strong execution in the enterprise market. Cloudflare rep...

5 weeks ago - Seeking Alpha

Cloudflare: Differentiating Itself Amidst Unprecedented Headwinds (Ratings Downgrade)

Cloudflare was one of the few software names to post a "beat and raise" quarter. The company has posted resilient and aggressive top-line growth alongside persistent margin expansion. Even the highest...

2 months ago - Seeking Alpha

Cloudflare Earnings: 83x Operating Profits, Valuation In The Cloud

Cloudflare's stock increased by 8% after strong Q2 2024 results, priced at 83x next year's non-GAAP operating profits. Despite high valuation, Cloudflare's rapid revenue growth and profitability make ...

2 months ago - Seeking Alpha

Cloudflare, Inc. (NET) Q2 2024 Earnings Call Transcript

Cloudflare, Inc. (NYSE:NET) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer T...

2 months ago - Seeking Alpha

Cloudflare Q2 Earnings Highlights: Revenue Beat, EPS Beat, Guidance Shines

Cloud connectivity company Cloudflare Inc NET reported second-quarter revenue of $401.0 million, up 30% year-over-year. The revenue beat a Street consensus estimate of $394.69 million, according to da...

2 months ago - Benzinga

Cloudflare's ‘terrific' quarter lifts stock by 8%

Cloudflare Inc.'s stock gained more than 8% in the after-hours session Thursday after the cybersecurity and software company beat Wall Street's expectations for its second quarter, which it deemed “te...

2 months ago - Market Watch

Cloudflare raises full-year forecast after strong quarter, shares rise

Software company Cloudflare raised its annual revenue and profit forecast on Thursday after a strong quarter, sending its shares up 9% in post-market trading.

2 months ago - Reuters

Cloudflare Announces Second Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its second quarter ended June 30, 2024. “We had a strong sec...

2 months ago - Business Wire

Cloudflare Inc Investigated By The Schall Law Firm For Possible Securities Breaches Investors With Losses Urged To Engage In Dialogue

LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ...

2 months ago - Accesswire

NET Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Cloudflare, Inc. (NYSE: NET) Investors to Contact the Firm

RADNOR, PA / ACCESSWIRE / July 24, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of ...

2 months ago - Accesswire

Rate Cuts Are Coming. These Are Some of the Stocks to Buy Now.

The market is betting the Federal Reserve will start to ease in September. These stocks could benefit.

Other symbols: CRMCRWDDDOG
2 months ago - Barrons

Cloudflare Inc Investigated By The Schall Law Firm For Possible Securities Breaches, Investors With Losses Urged To Engage In Dialogue

LOS ANGELES, CA / ACCESSWIRE / July 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ...

2 months ago - Accesswire

Cloudflare Inc Is Under Investigation By The Schall Law Firm For Possible Securities Breaches And Investors With Losses Are Encouraged To Initiate Dialogue

LOS ANGELES, CA / ACCESSWIRE / July 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc. ...

2 months ago - Accesswire