Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39039 _ ...

San Francisco, CA, May 2, 2024 — Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2024. "The first quarter marked a strong start to the year, as we grew revenue 30% year-over-year to $378.6 million—fueled by a record number of net-new customers year-over-year spending more than $100,000, $500,000, and $1 million with Cloudflare on an annualized basis. I'm incredibly proud of the fact that our team has been able to c ...

Cloudflare (NET) is scheduled to report first-quarter 2024 results on May 2, after market close.The company projects first-quarter revenues of $372.5-$373.5 million. The Zacks Consensus Estimate for the top line is pegged at $372.9 million, indicating a year-over-year improvement of 28.5%.Cloudflare expects non-GAAP earnings per share of 13 cents for the to-be-reported quarter. The consensus mark for earnings is also pegged at 13 cents per share, implying an improvement of 62.5% from the year-ago quarter’s ...

Cloudflare (NET) closed the latest trading day at $88.01, indicating a +1.44% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 2.03%.Heading into today, shares of the web security and content delivery company had lost 10.4% over the past month, lagging the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15% in that time.Investors ...

The most recent trading session ended with Cloudflare (NET) standing at $87.68, reflecting a -0.23% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Prior to today's trading, shares of the web security and content delivery company had lost 11.3% over the past month. This has lagged the Computer and Technology sector's loss of 5.13% a ...

In the latest market close, Cloudflare (NET) reached $86.71, with a -1.47% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Shares of the web security and content delivery company have depreciated by 10.19% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66%.The investment community will ...

Cloudflare (NET) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this web security and content delivery company have returned -10.2%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Internet - Software industry, which Cloudflare falls in, has lost 1.5%. The key question now is: What could be the s ...

United States equities have calmed down since their rally in the first quarter of 2024. The S&P 500, Nasdaq and Russell 2000 have all dipped slightly from their previous highpoints. While market trends, such as the generative AI craze, may have been enough to lift stocks to new heights, nowadays analysts and investors are increasingly worried about how stretched trading multiples have become. Today, we’re analyzing the top stocks to sell on the CPI report.Inflation also remains in the equation. Economists a ...

Cloudflare, Inc. (NET) and Booz Allen Hamilton (BAH) have joined forces to offer expedited Under Attack as a Service (UAaaS) with 30-Day Rapid Response distributed denial-of-service (DDoS) Mitigation. This strategic collaboration aims to provide immediate incident response and continuous protection for enterprises facing cyberattacks, ensuring uninterrupted business operations during critical times.In today's digital landscape, cyber threats, such as DDoS attacks and ransomware, pose significant risks to or ...

Cloudflare, Inc. (NET) announced last week that it acquired Baselime, the cloud-native observability platform, signaling its entry into the observability market. This move allows Cloudflare to address the challenges of observability for serverless applications by leveraging Baselime's technology and expertise in serverless platforms.Why Does the Baselime Acquisition Matter?Serverless applications have become increasingly popular due to their scalability and reduced management overhead. However, traditional ...