CloudFlare, Inc. operates a cloud platform that delivers a range of network 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 Internet of Things (IoT) devices. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery, intelligent routing, and mobile software development kit, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, and always online solutions that enhances Internet experience and allows customers to run their digital operations efficiently. Further, the company provides Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to Cloudflare's network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it offers developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, and analytics; Consumer DNS Resolver, a consumer application to browse the Internet; and Consumer VPN for consumers designed to secure and accelerate traffic on mobile devices. The company serves customers in technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. It has a strategic agreement with Baidu, Inc. and JD Cloud & AI. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
IPO Year: 2019
Exchange: NYSE
Website: cloudflare.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2025 | Overweight | KeyBanc Capital Markets | |
| 4/16/2025 | $135.00 | Neutral → Outperform | Mizuho |
| 3/25/2025 | $160.00 | Underperform → Buy | BofA Securities |
| 3/20/2025 | $150.00 | Outperform | Oppenheimer |
| 3/18/2025 | Overweight | Morgan Stanley | |
| 2/11/2025 | $145.00 | Hold → Sell | DZ Bank |
| 2/7/2025 | Outperform → Perform | Oppenheimer | |
| 2/3/2025 | $125.00 → $140.00 | Outperform → Neutral | Robert W. Baird |
| 1/17/2025 | $95.00 → $145.00 | Neutral → Buy | Citigroup |
| 1/17/2025 | $111.00 | Neutral | Cantor Fitzgerald |
Cloudflare, Inc. ("Cloudflare") (NYSE:NET) today announced the pricing of $1.75 billion aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Cloudflare also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $250 million aggregate principal amount of the notes solely to cover over-allotments. The sale of the notes to the initial purchasers is expected to settle on June 17, 2025, subject to customary closing conditions,
Cloudflare, Inc. ("Cloudflare") (NYSE:NET) today announced its intention to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Cloudflare also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $250.0 million aggregate principal amount of the notes solely to cover over-allotments. The notes will be senior, unsecured obligations of Cloudfla
New certifications reinforce Cloudflare's commitment to privacy – demonstrating adherence to data protection standards in 39 jurisdictions around the world Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced it is among the inaugural group of organizations officially certified under two new global privacy standards, the Global Cross-Border Privacy Rules (Global CBPR) and the Global Privacy Recognition for Processors (Global PRP) systems. These brand new certifications, launched by a forum of nine governments, allow organizations like Cloudflare to voluntarily demonstrate their commitment to data protection and privacy standards when moving personal data ac
First quarter revenue totaled $479.1 million, representing an increase of 27% year-over-year GAAP loss from operations of $53.2 million, or 11% of total revenue, and non-GAAP income from operations of $56.0 million, or 12% of revenue Delivered the highest year-over-year growth in net new ACV in three years Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2025. "We kicked off 2025 with confidence, momentum, and strong results. In Q1, we landed the largest contract in Cloudflare's history, a more than $100 million deal driven by our Workers developer platform, and signed the longest-term SASE c
Cloudflare offers the first and only simple toolkit to quickly, securely, and remotely connect leading SaaS services to Claude Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced a wave of global technology companies, including Asana, Atlassian, Block, PayPal, Sentry, Stripe, and more, are working with Cloudflare to create powerful AI experiences through Anthropic's AI assistant, Claude. These software companies are enabling Claude and other AI assistants to securely interact with their services on behalf of users, through connections built on Cloudflare Workers. Now users can complete tasks and interact with their favorite business tools through natural co
The Cyber Risk Report delivers a holistic and real-time view of cyber risk, enabling business leaders to seamlessly digest risk metrics and execute strategic decision-making Diligent, the leading governance, risk and compliance (GRC) SaaS company, today announced a strategic partnership with Cloudflare, the leading connectivity cloud company, and Qualys, a leading provider of disruptive cloud-based IT, security and compliance solutions, to revolutionize the way Chief Information Security Officers (CISO) and security leaders communicate cyber risk to the board of directors. The Cyber Risk Report – available on the Diligent One Platform – will integrate Cloudflare's real-time threat intellig
Rakuten Mobile becomes Japan's first MSSP partner with Cloudflare to empower corporate clients with Zero Trust security solutions Rakuten Mobile Inc., Japan's newest and most modern mobile network, and Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced a strategic partnership to deliver Zero Trust as a managed service to its corporate clients. Through the new Managed Security Service Provider (MSSP) partnership, Rakuten Mobile and Cloudflare will support Japanese corporate clients' security measures and accelerate safe, seamless digital transformations. Starting today, Rakuten Mobile will offer Cloudflare's Zero Trust and Network Services as a managed serv
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, 2025 after the U.S. market closes on Thursday, May 8, 2025. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (646) 968-2727 or toll-free at (888) 596-4244 with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after the conclusion of the live event an
Developers can now build secure global apps on Cloudflare Workers while seamlessly connecting to data in legacy clouds and on-premises networks Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced Workers VPC and Workers VPC Private Link, new solutions that enable developers to build secure, global cross-cloud applications on Cloudflare Workers. Now, developers can build business applications with their preferred platform – eliminating the barriers of existing infrastructure and legacy public clouds. Many organizations today have Virtual Private Clouds (VPC) – secure, isolated networks within a public cloud where they can run and control things like servers
Cloudflare's Developer Platform and global network are the best place to build and deploy AI agents, removing cost and complexity barriers to making AI agents a reality Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced several new offerings to accelerate the development of AI agents. Cloudflare now enables developers to easily build and deploy powerful AI agents with the industry's first remote Model Context Protocol (MCP) server, generally available access to durable Workflows, and a free tier for Durable Objects. These offerings enable developers to build agents in minutes, rather than months, simply, affordably, and at scale. AI agents – AI-enabled sy
First quarter revenue totaled $479.1 million, representing an increase of 27% year-over-year GAAP loss from operations of $53.2 million, or 11% of total revenue, and non-GAAP income from operations of $56.0 million, or 12% of revenue Delivered the highest year-over-year growth in net new ACV in three years Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2025. "We kicked off 2025 with confidence, momentum, and strong results. In Q1, we landed the largest contract in Cloudflare's history, a more than $100 million deal driven by our Workers developer platform, and signed the longest-term SASE c
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, 2025 after the U.S. market closes on Thursday, May 8, 2025. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (646) 968-2727 or toll-free at (888) 596-4244 with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after the conclusion of the live event an
Outerbase acquisition will simplify how developers build intelligent, contextual, and reliable AI applications on the Cloudflare Developer Platform Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the acquisition of Outerbase, a developer database company, to dramatically enhance the developer database experience across Cloudflare Workers. With this acquisition, building database-backed applications will be more approachable — enabling more teams to build and deploy full-stack, AI-enabled applications on Cloudflare's global network. Databases are key to building any modern application. And, with the rapid growth of AI and AI agents, more software will b
Fourth quarter revenue totaled $459.9 million, representing an increase of 27% year-over-year; fiscal year 2024 revenue totaled $1,669.6 million, representing an increase of 29% year-over-year GAAP loss from operations of $34.7 million, or 7.5% of total revenue, and non-GAAP income from operations of $67.2 million, or 14.6% of total revenue Customers spending more than $1 million grew to 173, representing a 47% increase year-over-year Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2024. "We had a very strong end of 2024. We saw record growth in our largest customers,
Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced that it will report its financial results for the fourth quarter ended December 31, 2024 after the U.S. market closes on Thursday, February 6, 2025. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours afte
Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced that it will host an Investor Day on Wednesday, March 12, 2025. The event is expected to start at 1:00 p.m. Eastern time (10:00 a.m. Pacific time) and conclude at approximately 3:30 p.m. Eastern time (12:30 p.m. Pacific time). This event will be held at the New York Stock Exchange in New York, NY. A live webcast will also be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay of the presentations will be available following the completion of the event. About Cloudflare Cloudflare, Inc. (NYSE:NET) is the leading connectivity cloud company. It empowers organizations to
Third quarter revenue totaled $430.1 million, representing an increase of 28% year-over-year GAAP loss from operations of $30.8 million, or 7% of revenue, and non-GAAP income from operations of $63.5 million, or 15% of revenue Operating cash flow of $104.7 million, or 24% of revenue, and free cash flow of $45.3 million, or 11% of revenue Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced financial results for its third quarter ended September 30, 2024. "I am pleased with our results for the third quarter—exceeding expectations for revenue, operating margin, and free cash flow while also reaching a key inflection point in the transformation of our go
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, 2024 after the U.S. market closes on Thursday, November 7, 2024. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after
Second quarter revenue totaled $401.0 million, representing an increase of 30% year-over-year GAAP loss from operations of $34.7 million, or 9% of revenue, and non-GAAP income from operations of $57.0 million, or 14% of revenue Operating cash flow of $74.8 million, or 19% of revenue, and free cash flow of $38.3 million, or 10% of revenue 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 second quarter, crossing $1.6 billion in annualized revenue and growing 30% year-over-year. The world is still complicated, but our team remained focused on execution and delivered te
Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced that it will report its financial results for the second quarter ended June 30, 2024 after the U.S. market closes on Thursday, August 1, 2024. Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after the
KeyBanc Capital Markets initiated coverage of Cloudflare with a rating of Overweight
Mizuho upgraded Cloudflare from Neutral to Outperform and set a new price target of $135.00
BofA Securities upgraded Cloudflare from Underperform to Buy and set a new price target of $160.00
Oppenheimer resumed coverage of Cloudflare with a rating of Outperform and set a new price target of $150.00
Morgan Stanley resumed coverage of Cloudflare with a rating of Overweight
DZ Bank downgraded Cloudflare from Hold to Sell and set a new price target of $145.00
Oppenheimer downgraded Cloudflare from Outperform to Perform
Robert W. Baird downgraded Cloudflare from Outperform to Neutral and set a new price target of $140.00 from $125.00 previously
Citigroup upgraded Cloudflare from Neutral to Buy and set a new price target of $145.00 from $95.00 previously
Cantor Fitzgerald initiated coverage of Cloudflare with a rating of Neutral and set a new price target of $111.00
Industry veteran with track record of driving innovation at scale across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Chirantan "CJ" Desai as President of Product & Engineering to further accelerate the company's next phase of growth to $5 billion in annual recurring revenue and beyond. Desai's 25+ years of experience spans product innovation, go-to-market strategies, and operational efficiency—all key in building high-performing teams and driving sustained business growth at scale. Desai most recently served as President and Chief Operating Officer at S
Acquisition adds more proactive controls to Cloudflare One so businesses can better secure every interaction when using major cloud providers Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the acquisition of Kivera, a cloud security, data protection, and compliance platform. The combination of Kivera and the Cloudflare One platform will put preventive controls directly into the cloud deployment process, or ‘inline', preventing security issues and risks before they happen to create a cloud journey that is faster, simpler, and more secure. Gartner® estimates that, "through 2027, 99% of records compromised in cloud environments will be the result of user
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
Acquisition adds secure remote infrastructure access to Cloudflare One, safeguarding customers' most critical systems Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the acquisition of BastionZero, a Zero Trust infrastructure access platform, to further strengthen remote access to core IT systems for customers of Cloudflare One, the company's secure access service edge (SASE) platform. Combined with existing Cloudflare One capabilities, the acquisition of BastionZero gives IT and security teams Zero Trust controls for infrastructure like servers, Kubernetes clusters, and databases. This expands the scope of Cloudflare's VPN replacement solution beyon
Industry veteran with proven track record of scaling revenue across multiple enterprise technology companies to accelerate next chapter of growth Cloudflare, Inc. (NYSE:NET), the leading connectivity cloud company, today announced the appointment of Mark Anderson, a current member of Cloudflare's Board of Directors, as President of Revenue to further accelerate the company's next phase of growth at scale to $5 billion in annual recurring revenue and beyond. Anderson most recently served as the CEO of Alteryx (NYSE:AYX) and brings 25+ years of experience building high performing teams and scaling revenue at multiple enterprise technology companies. Prior to his role at Alteryx, Anderson
Cloudflare, Inc. (NYSE:NET), the security, performance, and reliability company helping to build a better Internet, today announced the appointment of Phil Winslow as Vice President of Strategic Finance, Treasury, and Investor Relations. Winslow previously covered Cloudflare as a financial analyst at Credit Suisse, where he was the global head of the software team, and at Wells Fargo. "Phil has extensive expertise in the software industry, and we have developed a relationship with him prior to this search, as he has covered Cloudflare for years," said Matthew Prince, CEO and co-founder, Cloudflare. "As someone who has been following our growth even before our IPO, welcoming him to Cloudfla
The company continues to expand in Latin America with a new appointment, its growing team and operations, and global network Cloudflare, Inc. (NYSE:NET), the security, performance, and reliability company helping to build a better Internet, today announced the appointment of Carlos Torales Montero as Vice President, Head of Sales, Latin America, to build upon its global network and growing customer base in the region. Carlos brings more than twenty years of experience in the technology sector, specifically in go-to-market strategy and talent development efforts in new markets, to drive growth, and scale high-performance organizations. Carlos comes to Cloudflare from Cisco, where he managed
tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today it will appoint David Goone, currently the Chief Strategy Officer of Intercontinental Exchange, Inc. (NYSE:ICE), to become tZERO's new Chief Executive Officer. Related to Goone's appointment, tZERO also announced that it has completed an additional strategic funding round from new and existing investors. Participants in the financing include NYSE parent company ICE, which will become a significant minority shareholder of tZERO, Overstock.com, Inc. (NASDAQ:OSTK), an original investor in tZERO, and Medici Ventures, L.P., a blockchain-focused fund whose general partner is an entity affiliated with Pelion
Atlassian Corporation Plc (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, today announced it has appointed Michelle Zatlyn to its board of directors. Michelle is the co-Founder, COO, and President of Cloudflare, Inc. (NYSE:NET), the security, performance, and reliability company helping to build a better Internet. "When Michelle and her fellow co-founders started Cloudflare 11 years ago, they began with the mission to help build a better Internet," said Mike Cannon-Brookes, Atlassian's co-founder and co-CEO. "That core ethos has been central to Cloudflare's incredible growth to a public company with 16 global offices and over 2,000 employees. We are thril
SINGAPORE--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced the appointment of Jonathon Dixon as Vice President and General Manager, Asia Pacific, bringing with him more than 20 years of enterprise leadership experience in the IT industry, working for companies including IBM, Cisco and Amazon Web Services. In his last role, Jonathon was responsible for the enterprise business segment at Amazon Web Services for Asia Pacific & Japan. Jonathon is based in Singapore, where Cloudflare’s APAC headquarters are located. Cloudflare first invested in APAC nearly a decade ago, expanding its ne
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