An update from Cloudflare ( (NET) ) is now available.
On February 6, 2025, Cloudflare announced its financial results for the fourth quarter and fiscal year 2024, revealing significant growth in revenue and customer base. The company reported a 27% increase in fourth-quarter revenue to $459.9 million and a 29% increase in fiscal year revenue to $1,669.6 million. Despite a GAAP loss from operations, Cloudflare achieved a non-GAAP income from operations of $67.2 million in the fourth quarter. Notably, the number of customers spending over $1 million annually grew by 47%, indicating strong market traction and positioning Cloudflare for continued growth in 2025.
More about Cloudflare
Cloudflare, Inc. is a leading connectivity cloud company, primarily offering cloud-based services to enhance the security, performance, and reliability of internet properties. The company focuses on providing solutions to a broad market, including enterprises looking for innovative ways to improve their digital infrastructure.
YTD Price Performance: 28.21%
Average Trading Volume: 3,139,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.52B
See more data about NET stock on TipRanks’ Stock Analysis page.