Cloudflare Inc Class A (NET)

Cloudflare's stock (NET) has experienced significant movement, trading around $196.99 as of November 27, 2025, with a 21.61% increase over six months and a 98.24% increase over the past year. Key events impacting the stock include strong Q2 and Q3 2025 financial results, the acquisition of Replicate, and a major outage in November 2025. The company reported robust second and third-quarter results for fiscal year 2025, exceeding revenue and operating margin expectations. In November 2025, Cloudflare announced its agreement to acquire Replicate, an AI platform. On November 18, 2025, Cloudflare experienced a significant global outage that disrupted access to numerous popular websites and services.

Cloudflare's business is driven by the continuous demand for internet infrastructure, cybersecurity, and performance optimization, with sustained demand indicated by revenue growth and an expanding customer base. While specific quarterly demand seasonality figures are not explicitly detailed, Cloudflare's role in securing and accelerating internet traffic suggests consistent demand. Events like major internet outages can lead to temporary spikes in traffic and scrutiny, influencing demand for resilient solutions. Strategic investments in AI and global network expansion reflect efforts to meet evolving technology sector demands.

Cloudflare, Inc. (NET) is a global cloud services provider focused on enhancing the performance and security of internet properties, operating within the internet infrastructure and cybersecurity industries. The company provides cloud-based services to secure and accelerate websites, applications, and networks, aiming to build a better internet with a fast, secure, and reliable platform. Cloudflare offers a wide array of products across performance and reliability, advanced security, network services, developer solutions, consumer offerings, and other services like domain registration and a marketplace.

Cloudflare has a substantial global presence with a network spanning over 300 cities worldwide, optimizing performance and security at the network's edge. The company operates through two primary geographical segments: the United States and the Rest of the World, with hundreds of data centers across more than 100 countries.

Cloudflare's brand reputation was significantly impacted by a major global outage on November 18, 2025, causing widespread service disruptions and raising concerns about internet reliance on core providers. While the outage was a blow, analysts believe it was not structurally damaging, and Cloudflare's business remains healthy. The company resolved the issue quickly, emphasizing its commitment to resilient systems. Cloudflare's strong fundamentals, customer retention, expanding developer ecosystem, and AI-enabled network services support its investment case.

Cloudflare's ownership structure includes institutional, retail, and individual investors. Institutional investors hold a significant portion of the company, ranging from approximately 45.78% to 78% of shares outstanding. The general public, primarily individual investors, holds around 10% to 35.58% ownership. Insiders, including CEO Matthew Prince, own a significant proportion of Cloudflare, Inc.