Cloudflare, Inc. develops a connectivity cloud that combines security, web performance, networking, and developer tools on a global edge network. Its recurring company news includes quarterly financial results, cash-flow metrics, and updates to products such as Workers, AI Gateway, AI Security for Apps, Agent Cloud, and Cloudflare Mesh.
Cloudflare announcements also cover partnerships and integrations for enterprise security, AI application protection, web crawling controls, telemetry, and threat detection. Product news often centers on edge development, serverless application deployment, AI agents, private networking, and tools that connect employees, applications, and multicloud infrastructure.
Cloudflare (NYSE: NET) has surpassed two million applications on its platform, unveiling new tools and integrations aimed at simplifying application development. The company introduces features that enhance data management for developers, including Durable Objects, partnerships with MongoDB and Prisma, and new database connectors. These innovations are designed to streamline the use of existing databases and enhance the capabilities of Cloudflare Workers, enabling developers to build complex applications more efficiently.
Cloudflare, Inc. (NYSE: NET) announced that Oracle has joined the Bandwidth Alliance, an initiative aimed at eliminating unnecessary data transfer fees across the industry. This partnership enables customers using both Cloudflare and Oracle's services to avoid high data transfer costs. With 19 members now, the Bandwidth Alliance facilitates significant savings for shared customers. Oracle already offers competitive pricing for data transfers, allowing zero egress for data sourced from its Cloud Infrastructure, and aims to expand this globally.
Cloudflare reported a remarkable 51% revenue growth in Q3 2021, totaling $172.3 million. The company achieved a record addition of approximately 170 large customers, raising the total to 1,260, a 71% increase year-over-year. Despite a GAAP net loss of $107.3 million, Cloudflare reached non-GAAP break-even net income of $1.4 million, ahead of its timeline. GAAP gross profit margins improved to 78.2%, demonstrating robust operational efficiency.
Cloudflare (NYSE: NET) has been recognized as a leader in the Forrester New Wave™: Edge Development Platforms, Q4 2021 report. The company’s Cloudflare Workers Developer Platform received high marks in eight criteria, including developer experience and global deployment speed. CEO Matthew Prince highlighted the platform's potential for empowering developers to build scalable applications quickly. Cloudflare Workers offers instant global code deployment, robust security features, and seamless integration with various tools, all enhancing its appeal for developers worldwide.
Cloudflare (NYSE: NET) released a study revealing significant shifts in cybersecurity trends in the Asia Pacific region. In 2021, 54% of organizations reported an increase in cyber attacks compared to 2020. The rise in incidents forced 83% of IT leaders to revise their security procedures, with 44% attributing changes to remote work challenges. Additionally, 86% are aware of Zero Trust security models, and 66% have already implemented them. However, 67% face execution risks due to a lack of internal IT security expertise.
Cloudflare (NYSE: NET) announces a partnership with Microsoft, Yandex, and other search engines to enhance search efficiency through the IndexNow initiative. This collaboration introduces Crawler Hints, enabling website owners to signal when content is created, updated, or deleted, thus optimizing crawler efficiency. Approximately 45% of Internet traffic is generated by bots, and this initiative aims to improve site performance while reducing unnecessary bot traffic. Cloudflare customers can opt-in for this feature at no cost, enhancing their online presence.
Cloudflare, Inc. (NYSE: NET) will report its Q3 financial results for the period ending September 30, 2021 after market close on November 4, 2021.
The company will host an investor call on the same day at 2:00 p.m. PT to discuss the results. Investors can participate by calling (888) 330-2022 within the U.S. or (646) 960-0690 internationally, using conference ID 9501812. A live webcast will also be available on the company's website.
Cloudflare, Inc. (NYSE: NET) is set to expand its network into over 1,000 prominent office buildings and multi-dwelling units worldwide, including iconic locations like Salesforce Tower and Willis Tower. This initiative aims to provide businesses with cost-effective, flexible solutions for connecting to Cloudflare’s Zero Trust and SASE security offerings, enhancing security and productivity in a hybrid work environment. Cloudflare has significantly increased its network capacity, tripling it in the last two years, to deliver superior performance and reliability.
Cloudflare, Inc. (NYSE: NET) launched R2 Storage, a cost-effective solution for developers to store and manage large data volumes. This service eliminates egress fees and allows for automatic data migration from S3-compatible services, enhancing convenience. Cloudflare aims to provide the least expensive option for object storage, at least 10% cheaper than S3, while ensuring high performance across its edge network. The R2 Storage also supports data replication across regions, offering businesses flexibility in data management.
Cloudflare (NYSE: NET) has announced its entry into email security with free features to help manage email challenges.
These tools include Cloudflare Email Routing and Email Security DNS Wizard, allowing users to create custom email addresses and configure security settings easily.
Customers can sign up for early access to the Advanced Email Security Suite, enhancing email security against phishing threats.
This initiative aims to address a significant cybersecurity risk and bolster Cloudflare's offerings in the security sector.