Vmbook Online ordering

Icons

I'm happy to help you with some general information about the company you're interested in, Cloudflare (ticker symbol: NET). While I am an AI language model and not a stock trading expert, I can provide some basic information about the company's business, earnings, and growth.

Company Overview:

Cloudflare, Inc. is a US-based public company that specializes in providing a wide range of network services, including content delivery network (CDN), DNS, DDoS protection, and web security services. The company's main goal is to build a better internet by making it faster, more secure, and more reliable for users and businesses worldwide.

Earnings:

Cloudflare has been growing its revenue steadily in recent years. As a high-growth company, it's essential to focus on both revenue growth and profitability. While Cloudflare has not yet achieved profitability, they have been able to significantly increase their revenue over the past few years.

For the fiscal year 2021, Cloudflare's total revenue was $546.2 million, representing a 53.7% year-over-year increase compared to $355.5 million in 2020. The company's revenue growth has been healthy, but it is essential to note that losses have been expanding as well. For 2021, the net loss was $217.2 million, compared to a net loss of $112.7 million in 2020.

Growth:

Cloudflare's growth in recent years has been notable, particularly in terms of its customer base and the number of domains on its platform. As of December 31, 2021, Cloudflare had over 13,000 large customers, up from 9,400 in 2020, reflecting a 38% year-over-year increase. Moreover, Cloudflare boasted approximately 12 million domain name system (DNS) domains on its platform—a significant jump from 8.1 million domains in 2020, representing a 48% year-over-year growth.

In conclusion, Cloudflare has experienced impressive revenue growth and expansion in terms of its customer base and the number of domains utilizing its platform. However, the company is still not profitable and has been incurring losses. When considering investment in Cloudflare or any other company, it's important to remember that past performance does not guarantee future results. Always conduct your own research and consult a financial advisor before making investment decisions.