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Cloudflare Inc NET Stock Quote

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Morningstar‘s Stock Analysis NET

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We View Cloudflare as a Strong Competitor in the Security and Edge Computing Spaces

Brian Colello, CPA Sector Director

Business Strategy and Outlook

| Malik Ahmed Khan |

We believe Cloudflare is poised for success in both the web security and edge computing spaces. As a security-focused content delivery network (CDN), Cloudflare stands to benefit from increased cybersecurity spend. Currently, more than 10% of global internet traffic goes through Cloudflare’s network, with more than one quarter of all websites in the world using Cloudflare. We expect cybersecurity to be increasingly relevant for firms across the globe as cyberattacks continue to increase. However, we think Cloudflare is capable of much more than security, and we view edge computing as a major opportunity for the firm.

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Company Profile NET

Business Description

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Contact
101 Townsend Street
San Francisco, CA, 94107
T +1 888 993-5273
Industry Software - Infrastructure
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 3,063