$NET Cloudflare Inc Deep Dive and 2024 Outlook

The company's valuations are rich and the revenue growth is slowing

Cloudflare provides content delivery network services, cloud cybersecurity, DDoS mitigation, and domain registration services. Founded in 2009 by Matthew Prince, Lee Holloway, and Michelle Zatlyn, Cloudflare has grown to become a leading internet infrastructure and security company. Cloudflare operates one of the largest global networks, with services in 275 cities across more than 100 countries.

Roughly 18% of all websites use Cloudflare, including major sites like Netflix.com, NYTimes.com, and Nih.gov. The company's core products include reverse proxy, edge computing, streaming media, identity management, and virtual private network services. Cloudflare was venture-capital funded in 2009 and went public on the New York Stock Exchange in 2019.

The company has also acquired several web services and security companies over the years, including StopTheHacker, CryptoSeal, and Area 1 Security. Cloudflare is led by co-founders Matthew Prince as CEO and Michelle Zatlyn as President and COO. The company is focused on its mission to "help build a better internet" by making it faster, more secure, and more reliable for businesses and users worldwide.