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. (NYSE: NET) regularly publishes news that reflects its role as a connectivity cloud company focused on security, performance, and AI-era Internet infrastructure. News about Cloudflare often covers product and platform developments, strategic partnerships, acquisitions, research reports, and impact initiatives tied to its mission to help build a better Internet.
Recent announcements include acquisitions and planned acquisitions related to AI, such as Human Native, an AI data marketplace that connects creators and AI developers, and Replicate, an AI platform that helps developers deploy and run AI models. These moves are presented as steps toward making Cloudflare’s network a place where developers can access AI models easily and where creators can structure, price, and monetize their content for AI use.
Cloudflare’s news also highlights research and thought leadership, including its App Innovation Report and its Year in Review, which share findings on application modernization, AI integration, security, Internet traffic patterns, and bot activity based on data from its global network and its 1.1.1.1 public DNS resolver. The company’s Impact Report provides updates on efforts to secure democratic elections, protect independent journalism and nonprofits from cyberattacks and unwanted AI scraping, and advance sustainability goals.
In addition, Cloudflare issues news on partnerships with organizations such as JD Cloud, Oracle Cloud Infrastructure, and major payments companies, as well as updates on its PowerUP Partner Program and channel ecosystem. Investors and observers following NET news can expect coverage spanning AI development, multicloud networking, cybersecurity, agentic commerce, partner programs, and quarterly financial results.
Atlassian Corporation Plc (NASDAQ: TEAM) has appointed Michelle Zatlyn, co-Founder and COO of Cloudflare, Inc. (NYSE: NET), to its board of directors. Zatlyn's experience includes transforming Cloudflare into a leading Internet security company, which blocks an average of 87 billion cyber threats each day for its clients. Her leadership is expected to bring fresh perspectives to Atlassian, which provides team collaboration software to over 200,000 customers. Zatlyn holds a B.Sc. from McGill University and an MBA from Harvard Business School.
Cloudflare has priced $1.125 billion of 0% Convertible Senior Notes due 2026, increasing from an initial $1.0 billion offering. The notes will not bear regular cash interest and have a conversion price of approximately $191.34 per share, a 52.5% premium over Cloudflare's recent stock price. The offering is expected to yield around $1.1 billion in net proceeds, intended for capped call transactions and general corporate purposes. Concurrently, Cloudflare plans to exchange $400 million of its 2025 Notes for cash and stock.
Cloudflare, Inc. (NYSE: NET) has announced a private offering of $1 billion of Convertible Senior Notes due 2026, with an additional option for $150 million. These senior, unsecured obligations will have a semi-annual interest, convertible into cash, stock, or a mix. The proceeds will fund capped call transactions, Notes Exchange with 2025 Notes holders, and general corporate needs. The offering is aimed at qualified institutional buyers under Rule 144A, not registered under the Securities Act.
Cloudflare reported a robust second quarter, ending June 30, 2021, with revenue of $152.4 million, marking a 53% year-over-year growth. The company achieved a gross profit of $117.4 million, reflecting a 77.0% gross margin. Despite an operating loss of $28.9 million, the non-GAAP loss from operations improved to $4.0 million. The net loss stood at $35.5 million, with a net loss per share of $0.12. Cloudflare ended the quarter with $1,033.5 million in cash and equivalents, and recorded net cash flow from operations of $7.5 million.
Cloudflare (NYSE: NET) announced its commitment to achieving a zero-carbon Internet. By 2025, it aims to operate on 100% renewable energy and eliminate all historical carbon emissions since its inception. Currently, its network supports 17% of the web. Cloudflare is also launching sustainable edge computing services, enabling businesses to route traffic through renewable energy-powered data centers. Customers can track their carbon footprint with the Carbon Impact Report and automatically receive green certification for websites built on Cloudflare Pages.
Cloudflare (NYSE: NET) has launched Project Pangea, an initiative aimed at enhancing Internet access for underserved communities globally. This program provides free performance and security services, enabling local groups and nonprofits to construct their own telecom infrastructure without incurring high bandwidth costs. With nearly half the world's population lacking reliable Internet access, Cloudflare's solution offers a pathway for these communities to achieve dependable connectivity. The initiative supports community networks with Cloudflare's global infrastructure, enhancing digital equity.
Cloudflare, Inc. (NYSE: NET) announced its recent listing in the FedRAMP marketplace, a significant step toward full authorization, enabling more federal agencies to utilize its security, performance, and Zero Trust solutions. Amid rising cyber threats, the Biden administration is modernizing government security protocols, enhancing threat visibility. Cloudflare supports critical functions for several federal agencies, including election infrastructure, by offering its services for free through the Athenian Project.
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.