Welcome to our dedicated page for Cloudflare news (Ticker: NET), a resource for investors and traders seeking the latest updates and insights on Cloudflare stock.
Cloudflare Inc. (NET) provides a global cloud platform delivering security, performance, and reliability solutions for web properties. Track the latest company developments through this centralized hub featuring official announcements and market analysis.
This resource offers investors and technology professionals timely access to Cloudflare's strategic moves, including product innovations, cybersecurity initiatives, and infrastructure expansions. Find curated updates on network enhancements, partnership agreements, and leadership changes impacting the web services sector.
Key coverage areas include quarterly earnings disclosures, security threat responses, content delivery network upgrades, and edge computing advancements. All content is sourced from verified corporate communications and reputable financial analysis.
Bookmark this page for streamlined monitoring of Cloudflare's evolving market position and technological leadership in internet infrastructure solutions. Check back regularly for authoritative reporting on NET's progress in securing and accelerating digital experiences worldwide.
Cloudflare, Inc. (NYSE: NET) will publicly report its financial results for Q2 2021, ending June 30, 2021, after U.S. trading closes on August 5, 2021. An investor conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested participants can join the call by dialing (866) 211-4146 in the U.S. or (647) 689-6734 internationally, using conference ID 5798218. A live audio webcast will be available on the Cloudflare website with a replay accessible for 30 days post-event.
Cloudflare (NYSE: NET) has announced new integrations with Microsoft Azure Sentinel, Splunk, Datadog, and Sumo Logic, enhancing security insights for businesses. These integrations allow companies to funnel Cloudflare Logs into their chosen analytics platforms, simplifying data analysis across their technology stack. Customers can now easily visualize and leverage security data without complex integrations. The new features include insights from varied datasets, support for any storage destination, and a redesigned user interface, all aimed at improving operational efficiency and security.
Cloudflare, Inc. (NYSE: NET) reported a strong first quarter for 2021, achieving 51% revenue growth year-over-year with total revenue reaching $138.1 million. The company also noted a dollar net retention rate of 123% and a significant increase in large customers, which rose 70% year-over-year. Despite a GAAP net loss of $40.0 million, improvements in operational losses were highlighted, with only 22.6% of revenue lost compared to 39.5% in the same quarter last year. Cloudflare's cash position remains strong at $1,035.2 million.
Cloudflare (NYSE: NET) has announced the opening of its first Canadian office in Toronto, showcasing its commitment to expanding in the region. This initiative aims to bolster local brand awareness and support for a growing customer base, which includes 3.5 million global clients and notable Canadian companies like Shopify and Thomson Reuters. The Toronto office will focus on hiring local talent and enhancing customer service, leveraging the city's skilled workforce. Cloudflare's technology is already pivotal in managing cyber threats and facilitating COVID-19 vaccine distribution in Canada.
Cloudflare, Inc. (NYSE: NET) has partnered with NVIDIA to enhance AI capabilities at the edge. This collaboration aims to provide developers with robust AI frameworks, including Jarvis for natural language processing and Morpheus for cybersecurity. By utilizing NVIDIA's accelerated computing and Cloudflare's edge network, applications can be deployed globally with minimal latency. The partnership seeks to address the growing demand for AI by enabling fast and secure application development while ensuring machine learning models remain protected within Cloudflare's data centers.
Cloudflare, Inc. (NYSE: NET) will report its financial results for Q1 2021 on May 6, 2021, after U.S. market close. An investor conference call is scheduled for 2:00 p.m. Pacific time to discuss these results. Interested parties can join by calling (866) 211-4146 (U.S.) or (647) 689-6734 (international) with conference ID 2173317. A live webcast will also be available on the Cloudflare website, with a replay accessible for 30 days post-event.
Cloudflare (NYSE: NET) has launched Magic WAN with Magic Firewall as part of the Cloudflare One suite, aiming to transform enterprise network connectivity. This SaaS solution connects various traffic sources to Cloudflare’s global network, providing secure, fast connectivity while enhancing network performance. The integration of Magic Firewall enables centralized security policy management. Partnerships with SD-WAN vendors like VMware and Aruba will facilitate seamless transitions for businesses using legacy systems, promising operational agility and cost savings.
Cloudflare (NYSE: NET) has been recognized as a Leader in DDoS Mitigation Solutions by Forrester Research in their Q1 2021 report. The company's DDoS solutions received top scores in 15 categories, including threat detection and speed of implementation. Cloudflare's global network spans over 200 cities, blocking an average of 57 billion cyber threats daily, highlighting its capacity to handle extensive DDoS attacks. This acknowledgment reinforces Cloudflare's commitment to providing robust security for all its customers, from individual bloggers to large enterprises.
Cloudflare reported a remarkable fourth quarter and full year 2020, with revenue up 50% year-over-year to $125.9 million. Paid customers exceeded 111,000, highlighting strong demand. However, GAAP net loss was $34 million, slightly higher than $28.2 million in Q4 2019. Operating loss decreased significantly, with non-GAAP loss from operations at $5.5 million. The company ended the year with $1.03 billion in cash and equivalents. For 2020, total revenue reached $431.1 million, with a GAAP net loss of $119.4 million. Cloudflare's innovation and customer growth continue to drive its strategy.
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