Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, has announced that it will report its financial results for the fourth quarter ended December 31, 2024 after the U.S. market closes on Thursday, February 6, 2025. The company will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782. A live webcast of the conference call will be accessible from the Cloudflare investor relations website at cloudflare.NET. A replay will be available approximately two hours after the conclusion of the live event and will remain available for approximately 30 days.

Cloudflare's financial results for the fourth quarter of 2024 are expected to provide valuable insights into the company's performance and growth prospects. The company has been expanding its customer base and product offerings, and investors will be looking for signs of continued momentum in these areas. Additionally, the company's financial results will provide an update on its gross margin, operating margin, and free cash flow, which are important metrics for evaluating the company's financial health and growth prospects.

In the third quarter of 2024, Cloudflare reported revenue of $378.6 million, representing an increase of 30% year-over-year. The company also reported a GAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenue. Operating cash flow was $73.6 million, or 19% of revenue, and free cash flow was $35.6 million, or 9% of revenue. The company's cash, cash equivalents, and available-for-sale securities were $1,716.2 million as of March 31, 2024.



For the fourth quarter of fiscal 2024, Cloudflare expects:

* Total revenue of $393.5 to $394.5 million
* Non-GAAP income from operations of $35.0 to $36.0 million
* Non-GAAP net income per share of $0.14, utilizing weighted average common shares outstanding of approximately 360 million

For the full year fiscal 2024, the company expects:

* Total revenue of $1,648.0 to $1,652.0 million
* Non-GAAP income from operations of $160.0 to $164.0 million
* Non-GAAP net income per share of $0.60 to $0.61, utilizing weighted average common shares outstanding of approximately 361 million

Cloudflare's financial outlook reflects the company's confidence in its ability to continue to grow its revenue and improve its operating margins. The company's strong performance in the third quarter of 2024, as well as its continued expansion into new markets and product offerings, suggest that the company is well-positioned to achieve its financial targets for the fourth quarter and full year of 2024.

Investors should pay close attention to Cloudflare's financial results for the fourth quarter of 2024, as they will provide valuable insights into the company's performance and growth prospects. The company's strong performance in the third quarter of 2024, as well as its continued expansion into new markets and product offerings, suggest that the company is well-positioned to achieve its financial targets for the fourth quarter and full year of 2024. However, investors should also be aware of the risks and uncertainties that could impact the company's financial performance, such as changes in market conditions, competition, and regulatory requirements. By staying informed about Cloudflare's financial results and the broader market trends, investors can make more informed decisions about their investments in the company.