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The latest update is out from Cloudflare ( (NET) ).
Cloudflare reported a significant 28% year-over-year revenue increase to $430.1 million in Q3 2024, alongside notable growth in operating and free cash flow. Despite a GAAP loss from operations, the company achieved a non-GAAP operational income of $63.5 million. With a record addition of 219 large customers, Cloudflare now serves 35% of the Fortune 500 and played a crucial role in securing the 2024 U.S. elections against cyber threats, showcasing its robust financial and ethical performance.
Learn more about NET stock on TipRanks’ Stock Analysis page.
