Cloudflare Reports Strong Q3 2024 Growth and Expansion
Company Announcements

Cloudflare Reports Strong Q3 2024 Growth and Expansion

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.

Related Articles
TheFlyCloudflare price target raised to $95 from $85 at Susquehanna
TheFlyCloudflare price target raised to $77 from $72 at Goldman Sachs
TheFlyCloudflare price target raised to $87 from $85 at Scotiabank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App