Cloudflare, Inc. (NET)
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]
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 StatementsAnalyst 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.
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...
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 ...
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...
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; ...
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.
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.
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.
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...
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...
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...
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.
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...
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...
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...
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 ...
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...
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...
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...
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.
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...
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. ...
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 ...
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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. ...
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. ...