Cloudflare Inc

NET

Equity

ISIN US18915M1071 / Valor 49563753

New York Stock Exchange, Inc (2025-04-01)

USD 115.66+2.64%

Cloudflare Inc
UMushroom community rating:

4.00 2 votes No rating yet

NegativeNeutralPositive

About company

Cloudflare Inc. is a global cloud platform that provides network services to businesses worldwide, focusing on enhancing security, performance, and reliability for their Internet properties. The company made its debut on the New York Stock Exchange in 2019 and has since expanded its services to protect websites from various cyber attacks while also optimizing their performance. Cloudflare initially began as an application to combat email spam and has since evolved into a comprehensive solution for businesses of all sizes.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the third quarter of fiscal 2024, Cloudflare Inc. reported a total revenue of $430.1 million, marking a 28% increase year-over-year. This growth highlights the company's expanding market presence and successful customer acquisition strategies.

Gross Profit

Cloudflare Inc. achieved a GAAP gross profit of $334.1 million, with a gross margin of 77.7% in the third quarter of 2024. This is an improvement from the previous year's third quarter, where the gross margin was 76.7%.

Operating Income

For the third quarter of 2024, Cloudflare Inc. reported a GAAP loss from operations of $30.8 million, which is 7.2% of the revenue. However, on a non-GAAP basis, the company recorded an income from operations of $63.5 million, or 14.8% of revenue, showing a positive trend compared to the previous year.

Net Income

Cloudflare Inc. reported a GAAP net loss of $15.3 million for the third quarter of 2024, compared to a loss of $23.5 million in the same quarter of 2023. On a non-GAAP basis, the company achieved a net income of $72.6 million, reflecting a significant improvement from the previous year's $55.3 million.

Cash Flow

In the third quarter of 2024, Cloudflare Inc. generated a net cash flow from operating activities of $104.7 million. The company's free cash flow was $45.3 million, representing 11% of the revenue, which is an increase from 10% in the third quarter of 2023.

Summarized from source with an LLMView Source

Key figures

20.9%1Y

-6.35%3Y

380%5Y

Performance

48.9%1Y

70.3%3Y

69.7%5Y

Volatility