NET - Cloudflare, Inc.

NYSE - NYSE Delayed Price. Currency in USD
30.05
+0.98 (+3.37%)
At close: 4:00PM EDT

30.05 +0.02 (0.07%)
After hours: 4:43PM EDT

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Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close29.07
Open29.14
Bid30.00 x 900
Ask30.09 x 900
Day's Range29.01 - 30.19
52 Week Range14.50 - 30.78
Volume2,750,208
Avg. Volume3,974,300
Market Cap9.125B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.72
Earnings DateAug 05, 2020 - Aug 08, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est24.12
  • 5 High-Growth Small Company Stocks I Bought in May
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    5 High-Growth Small Company Stocks I Bought in May

    When it comes to investing in small up-and-coming businesses, picking just one or two usually won't suffice. For my latest batch of purchases in the wake of the coronavirus-fueled economic crisis, I scooped up shares of Livongo Health (NASDAQ: LVGO), Cloudflare (NYSE: NET), Fastly (NYSE: FSLY), Repay Holdings (NASDAQ: RPAY), and VectoIQ Acquisition (NASDAQ: VTIQ) (set to become Nikola). A few years ago, I purchased a tiny but up-and-coming stock called Teladoc Health, thinking that medical care delivered via an internet connection had a bright future.

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  • Cloudflare (NET) Catches Eye: Stock Jumps 5.3%
    Zacks

    Cloudflare (NET) Catches Eye: Stock Jumps 5.3%

    Cloudflare (NET) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

  • Cloudflare, Inc. Announces Pricing of Offering of $500 Million of 0.75% Convertible Senior Notes Due 2025
    Business Wire

    Cloudflare, Inc. Announces Pricing of Offering of $500 Million of 0.75% Convertible Senior Notes Due 2025

    Cloudflare, Inc. ("Cloudflare") (NYSE: NET) today announced the pricing of $500 million aggregate principal amount of Convertible Senior Notes due 2025 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Cloudflare also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on May 15, 2020, subject to customary closing conditions, and is expected to result in approximately $488.2 million in net proceeds to Cloudflare after deducting the initial purchasers’ discount and estimated offering expenses payable by Cloudflare (assuming no exercise of the initial purchasers’ option to purchase additional notes).

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  • MarketWatch

    Cloudflare to offer $500 million of convertible bonds

    Cloudflare Inc. said Tuesday it is offering $500 million of convertible senior notes that mature in 2025 in a private offering. Proceeds will be used to cover the cost of capped call transactions that aim to reduce the dilution of shares upon conversion, as well as for general corporate purposes. The notes will be convertible into cash, shares of class A common stocks or a combination of the two. Shares were up 1.5% premarket and have gained 65% in the year to date, while the S&P 500 has fallen 9%.

  • Cloudflare, Inc. Announces Proposed Private Offering of $500 Million of Convertible Senior Notes Due 2025
    Business Wire

    Cloudflare, Inc. Announces Proposed Private Offering of $500 Million of Convertible Senior Notes Due 2025

    Cloudflare, Inc. ("Cloudflare") (NYSE: NET) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of Convertible Senior Notes due 2025 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Cloudflare also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the notes.

  • Cloudflare Sees Uptick in Cyber Attacks as Internet Usage Increases
    Bloomberg

    Cloudflare Sees Uptick in Cyber Attacks as Internet Usage Increases

    May.10 -- Matthew Prince, co-founder and chief executive officer of San Francisco-based software maker Cloudflare Inc., which provides services such as firewalls, network routing and traffic management that allow cloud-based sites to operate more effectively, discusses how the coronavirus outbreak is affecting demand for its products and services. He also talks about the deal with a unit of China's JD.com with Selina Wang and Rishaad Salamat on "Bloomberg Markets: China Open."

  • Edge Network and Security Company Cloudflare Remains in High Demand Amidst COVID-19 Crisis
    Motley Fool

    Edge Network and Security Company Cloudflare Remains in High Demand Amidst COVID-19 Crisis

    To be sure, some bumps in the road could lie ahead for Cloudflare, but this disruptive computing outfit is in great financial shape and poised for years of growth once the dust begins to settle. In keeping with its near-50% year-over-year growth in 2019, Cloudflare started 2020 in similar fashion. The cloud security and web service outfit added 250,000 more individuals and small businesses to its funnel in the quarter (finishing the first quarter with 2.8 million total) and landed numerous new deals worth at least $100,000 per year.

  • Cloudflare (NET) Reports Narrower-Than-Expected Loss in Q1
    Zacks

    Cloudflare (NET) Reports Narrower-Than-Expected Loss in Q1

    Cloudflare's (NET) Q1 results reflect solid demand for its cloud-based solutions amid the coronavirus-led remote-working wave.

  • Cloudflare, Inc. (NET) Q1 2020 Earnings Call Transcript
    Motley Fool

    Cloudflare, Inc. (NET) Q1 2020 Earnings Call Transcript

    NET earnings call for the period ending March 31, 2020.

  • Bloomberg

    Cloudflare Shares Tumble After Company Posts Bigger Net Loss

    (Bloomberg) -- Cloudflare Inc. reported a bigger quarterly loss on Thursday, sending shares of the software maker down 12% in extended trading.The net loss was $32.7 million in the first quarter, compared with a loss of $17.1 million a year earlier, the San Francisco-based company said Thursday in a statement. Revenue jumped 48% to $91 million, while operating expenses surged 65%. The company lost 4 cents a share, excluding some items.Cloudflare projected sales of as much as $94.5 million in the period that ends June 30, and an adjusted loss of as much as 6 cents a share. The company reaffirmed its annual 2020 guidance of as much as $393 million in revenue.Chief Executive Officer Matthew Prince says he’s building “a better internet” with Cloudflare tools that help websites with security, video streaming and traffic management. He became a billionaire on paper earlier Thursday when Cloudflare shares jumped 18% before the quarterly results.Read more: Cloudflare CEO Now a Billionaire on Stay-at-Home Streaming Surge“Our scalable global network is solving digital transformation needs for our customers in hours or minutes, faster than hardware could even ship to vacant offices,” Prince said in the statement.Shares fell to a low of $25.30 in extended trading, after closing at $29.52 in New York. The stock has climbed 73% this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • MarketWatch

    Cloudflare stock pares Thursday-session gains after results, outlook

    Cloudflare Inc. shares ceded ground from Thursday's big gains in the extended session after the cybersecurity company reported quarterly results and an outlook that topped Wall Street estimates. Cloudflare shares fell 12% after hours, following a 18% surge in the regular session to close at $29.52. The company reported a first-quarter loss of $32.7 million, or 11 cents a share, compared with $17.1 million, or 20 cents a share, in the year-ago period. The adjusted loss was 4 cents a share, compared with 19 cents a share in the year-ago period. Revenue rose to $91.3 million from $61.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 6 cents a share on revenue of $87 million. Cloudflare expects an adjusted loss of 6 cents to 5 cents a share on revenue of $93.5 million to $94.5 million in the second quarter, and a loss of 21 cents to 19 cents a share on revenue of $389 million to $393 million for the year. Analysts had forecast a loss of 5 cents a share on revenue of $92 million for the second quarter, and a loss of 20 cents a share on revenue of $385.7 million for the year.

  • Cloudflare Announces First Quarter 2020 Financial Results
    Business Wire

    Cloudflare Announces First Quarter 2020 Financial Results

    Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced financial results for its first quarter ended March 31, 2020.

  • Why Cloudflare's Stock Is Soaring Today
    Motley Fool

    Why Cloudflare's Stock Is Soaring Today

    The cloud-based network security specialist should benefit from COVID-19 lockdowns and work-from-home practices, based on fantastic reports from several of its sector peers.

  • Bloomberg

    Cloudflare CEO Now a Billionaire on Stay-at-Home Streaming Surge

    (Bloomberg) -- Cloudflare Inc. Chief Executive Officer Matthew Prince became a billionaire Thursday as the stock climbed to a record hours before the company’s scheduled earnings report.Shares of the San Francisco-based firm advanced 14% to $28.52 at 1 p.m. in New York, giving Prince a net worth of $1.08 billion, according to the Bloomberg Billionaires Index.“Cloudflare has been aided by the surge in streaming, gaming and e-commerce as people stay at home,” said Bloomberg Intelligence analyst Mandeep Singh.The firm, whose stock has soared about 90% since its September initial public offering, provides services such as firewalls, network routing and traffic management that allow cloud-based sites to operate more effectively. Prince, who helped launch Cloudflare in 2009, owns about 12.5% of the company, according to its latest proxy filing. Co-founder and Chief Operating Officer Michelle Zatlyn controls a 4.8% stake.Cloudflare spokeswoman Daniella Vallurupalli didn’t immediately reply to phone and email messages seeking comment.Daily StormerIn previous filings, the company acknowledged that it faced risks of adverse publicity from the use of its network by 8chan, a website favored by white supremacists and used by gunmen before mass shootings last year in El Paso, Texas and Christchurch, New Zealand. It also cited the use of its services by neo-Nazi website the Daily Stormer around the time of the 2017 protests in Charlottesville, Virginia. Cloudflare eventually ceased providing services to those outlets.Prince joins a growing list of tech entrepreneurs whose fortunes have surged on pandemic-induced increases in demand for services. They include Amazon.com Inc. founder Jeff Bezos, the world’s richest person, Netflix Inc.’s Reed Hastings and Zoom Video Communications Inc.’s Eric Yuan, whose net worth has more than doubled this year to about $7.8 billion.After U.S. markets close Thursday, Cloudflare is expected to report first-quarter revenue of $87 million, a 41% increase from a year earlier, according to the average estimate of analysts in a Bloomberg survey.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cloudflare (NET) to Report Q1 Earnings: What's in Store?
    Zacks

    Cloudflare (NET) to Report Q1 Earnings: What's in Store?

    Cloudflare's (NET) first-quarter results are likely to reflect its recurring subscription-based business model and a diversified customer base despite the coronavirus chaos.

  • Kentik and Cloudflare Partner to Mitigate Advanced DDoS Attacks
    PR Newswire

    Kentik and Cloudflare Partner to Mitigate Advanced DDoS Attacks

    Kentik®, provider of the only AIOps platform specifically for network professionals, today announced a partnership with Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet. The collaboration integrates network traffic intelligence from Kentik with Cloudflare Magic Transit for fast mitigation of distributed denial-of-service (DDoS) attacks.

  • Look Out Alibaba, JD.com Is Expanding Its Cloud and AI Presence
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    Look Out Alibaba, JD.com Is Expanding Its Cloud and AI Presence

    JD.com (NASDAQ: JD), China's largest direct retailer and second-largest e-commerce company, recently partnered with Cloudflare (NYSE: NET) to strengthen its cloud and AI business. Cloudflare, which secures internet traffic between clients and servers, entered the Chinese market in 2015 and currently operates in over 90 countries and 200 cities worldwide. It runs data centers in 17 Chinese cities and maintains a long-standing partnership with online search leader Baidu (NASDAQ: BIDU).

  • Cloudflare and JD Partner to Help Global Companies Expand Their Reach Through a Secure, Fast, Consistent Platform Inside and Outside China
    Business Wire

    Cloudflare and JD Partner to Help Global Companies Expand Their Reach Through a Secure, Fast, Consistent Platform Inside and Outside China

    Cloudflare (NYSE: NET), the company with a mission to help build a better Internet, and JD Cloud & AI, the intelligent technology provider of JD.com, China’s largest retailer, today announced a strategic partnership to provide a faster and more secure Internet for global companies doing business in China, and for Chinese businesses reaching consumers globally. This collaboration joins Cloudflare’s integrated global cloud platform with JD Cloud & AI’s extensive China network, infrastructure, and services—offering a seamless experience for businesses looking to reach global audiences.

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  • Cloudflare Announces Date of First Quarter 2020 Financial Results
    Business Wire

    Cloudflare Announces Date of First Quarter 2020 Financial Results

    Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced that it will report its financial results for the first quarter ended March 31, 2020 after the U.S. market closes on Thursday, May 7, 2020.

  • Cloudflare Stock Had A Strong Gain That Didn't Last
    Investor's Business Daily

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