About Cloudflare
Cloudflare is a web performance and security company that provides online services to protect and accelerate websites online.
Headquarters
Cloudflare, San Francisco
Founded
2009-06-01
Industry
Analytics, Enterprise Software, Security, Web Hosting
Last Funding Type
Series E
Valuation
5
Total Funding
$332.20 million dollars
IPO Status
Public
Financial
Cloudflare reported strong financial performance in the first and second quarters of 2024, surpassing revenue forecasts and leading to a rise in stock prices. The company raised its full-year forecast following a strong quarter. Despite these positive financial results, Cloudflare's stock experienced a decline due to an underwhelming revenue outlook. Additionally, Cloudflare acquired BastionZero to enhance its Zero Trust Infrastructure Access Controls.
Cloudflare reported a wider first-quarter operating loss due to increased sales and marketing costs, leading to a 12% drop in shares. Despite beating earnings expectations with an EPS of $0.16, the company's revenue guidance only met expectations, causing further stock decline. Additionally, Cloudflare has launched a new tool to block AI bots from scraping website content and acquired BastionZero to enhance its zero-trust network access.
Cloudflare reported a wider first-quarter operating loss due to increased sales and marketing costs, leading to a 12% drop in shares. Despite beating earnings expectations with an EPS of $0.16, the company's revenue guidance only met expectations, causing further stock decline. Additionally, Cloudflare has launched a new tool to block AI bots from scraping website content and acquired BastionZero to enhance its zero-trust network access.
Funding Rounds
7
Number of Lead Investors
7
Total Funding Amount
$332.20 million dollars
Number of Investors
14