Cloudflare, Inc. (NET)

NYSE: NET · IEX Real-Time Price · USD
83.26
-1.42 (-1.68%)
At close: Dec 29, 2023, 4:00 PM
83.07
-0.19 (-0.23%)
After-hours: Dec 29, 2023, 7:59 PM EST
-1.68%
Market Cap 27.96B
Revenue (ttm) 1.21B
Net Income (ttm) -202.00M
Shares Out 335.77M
EPS (ttm) -0.61
PE Ratio n/a
Forward PE 160.28
Dividend n/a
Ex-Dividend Date n/a
Volume 1,940,104
Open 84.18
Previous Close 84.68
Day's Range 82.75 - 84.79
52-Week Range 37.56 - 86.91
Beta 1.10
Analysts Hold
Price Target 64.58 (-22.44%)
Earnings Date Feb 8, 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, secure origin connection, and rate limiting products. It... [Read more]

Sector Technology
IPO Date Sep 13, 2019
Employees 3,217
Stock Exchange NYSE
Ticker Symbol NET
Full Company Profile

Financial Performance

In 2022, Cloudflare's revenue was $975.24 million, an increase of 48.57% compared to the previous year's $656.43 million. Losses were -$193.38 million, -25.71% less than in 2021.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for NET stock is "Hold." The 12-month stock price forecast is $64.58, which is a decrease of -22.44% from the latest price.

Price Target
$64.58
(-22.44% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street

While Nvidia was the big winner for investors this year in the generative AI boom, other tech stocks have also gotten a boost

Other symbols: AMDANET
5 days ago - CNBC

Cloudflare Publishes Third Annual Impact Report

SAN FRANCISCO--(BUSINESS WIRE)--Report details milestones in protecting vulnerable groups online, shielding critical infrastructure sectors, and supporting secure and accessible AI.

13 days ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, I...

13 days ago - Accesswire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, I...

18 days ago - Accesswire

Cloudflare Publishes Top Internet Trends for 2023

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today published its fourth annual Year in Review, exploring global Internet insights and security ...

19 days ago - Business Wire

Cloudflare Achieves #6 on Fortune Future 50 List 2023 for Long-Term Growth and Business Potential

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that it has been named a Fortune Future 50 company for 2023, ranked number six of ...

26 days ago - Business Wire

Cloudflare Named a Leader in Edge Development Platforms by Industry Research Firm

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it was cited as a Leader in The Forrester Wave™: Edge Development Platforms, Q4 20...

4 weeks ago - Business Wire

Web security powerhouse Cloudflare inches closer to a breakout

If you take a close look at the Cloudflare Inc. NYSE: NET chart, you'll notice the stock has come within striking distance of clearing a cup-shaped base with a buy point above $76.07.

4 weeks ago - MarketBeat

Cloudflare stock outlook: Oppenheimer sees 17% upside

Cloudflare Inc (NYSE: NET) has already rallied a whopping 80% over the past seven months but an Oppenheimer analyst still sees further gains ahead. Cloudflare stock has upside to $85 On Tuesday, Timot...

5 weeks ago - Invezz

AI Stock Buys Are C3.ai, Cloudflare, and DigitalOcean, Analyst Says

Oppenheimer analyst Timothy Horan upgraded shares of C3.ai, Cloudflare, and DigitalOcean to Outperform from Perform.

Other symbols: AIDOCN
5 weeks ago - Barrons

Cloudflare's stock drops after earnings as forecast comes up a bit shy

Cloudflare Inc. shares were declining 6% in Thursday's extended session after the cybersecurity company beat revenue expectations for its latest quarter but came up a bit shy with its top-line view of...

2 months ago - Market Watch

Cloudflare Announces Third Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced financial results for its third qua...

2 months ago - Business Wire

Okta's latest hack fallout hits Cloudflare, 1Password

Network and security giant Cloudflare and password manager maker 1Password said hackers briefly targeted their systems following a recent breach of Okta's support unit. Both Cloudflare and 1Password s...

Other symbols: OKTA
2 months ago - TechCrunch

Fauna Drives Stronger Developer Productivity and Application Performance with Cloudflare

SAN MATEO, Calif.--(BUSINESS WIRE)--Companies using Fauna are scaling faster than ever with serverless and distributed-by-default architectures. Fauna's distributed relational database with a document...

2 months ago - Business Wire

We Believe Cloudflare Can Move Up

Cloudflare Inc. (NET, Financial) is an internet services company that addresses three spend categories within enterprise and government customers. The company's original offering was content accelerat...

2 months ago - GuruFocus

Cloudflare Expands Operations in Mexico Amid Growth Across Its Infrastructure and Customer Base

MEXICO CITY--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced its expansion in the Mexico market as part of furthering its commitments across Lati...

2 months ago - Business Wire

Cloudflare Announces Date of Third Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--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...

2 months ago - Business Wire

Cloudflare Helps Discover New Online Threat That Led to Largest Attack in Internet History

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today made public that it helped lead the disclosure of a new novel zero-day vulnerability, dubbed...

2 months ago - Business Wire

Cloudflare Named a Top 100 Most Loved Workplace in 2023 by Newsweek and the Best Practice Institute for the Second Consecutive Year

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that for the second consecutive year it has been recognized as one of the Top 100 ...

3 months ago - Business Wire

Top Calls: Cloudflare Amps Up AI Strategy

Matthew Hedberg, RBC Capital Markets Equity Analyst, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.

3 months ago - Bloomberg Markets and Finance

Cloudflare Delivers all Connectivity Elements of Single-Vendor Secure Access Service Edge (SASE); Magic WAN Connector Available to All

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that all connectivity elements of Cloudflare's single-vendor SASE platform, Cloudf...

3 months ago - Business Wire

Here's Why Cloudflare may be the Ultimate Cloud Stock to Own

Cloudflare Inc. NYSE: NET is the world's most connected cloud network, offering a serverless cloud architecture, security and artificial intelligence (AI) on the network edge to thousands of companies...

3 months ago - MarketBeat

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloudflare, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cloudflare, Inc...

3 months ago - Accesswire

Cloudflare Powers Privacy Enhancing Features in Microsoft Edge Secure Network

SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that Microsoft Edge is leveraging Cloudflare's Privacy Proxy technology, a key par...

3 months ago - Business Wire

Cloudflare Makes Every Local Database Global; Revolutionizes Database Performance with Hyperdrive

SAN FRANCISCO--(BUSINESS WIRE)--Now developers can easily build globally distributed applications on Cloudflare Workers without being constrained by their existing infrastructure.

3 months ago - Business Wire