Cloudflare (NET)
Posted: Mon Aug 19, 2019 2:38 pm
not vested
What to know about Cloudflare's Upcoming IPO
Formidable rivals, a focus on growth over profits, and a few unsavory customers are some of the potential risks to investing in Cloudflare, a fast-growing cloud security firm.
by Annie Gaus
Source: The Street
https://www.thestreet.com/investing/sto ... o-15059940
What to know about Cloudflare's Upcoming IPO
Formidable rivals, a focus on growth over profits, and a few unsavory customers are some of the potential risks to investing in Cloudflare, a fast-growing cloud security firm.
by Annie Gaus
More than 19 million websites use Cloudflare, a number that has grown steadily over time -- as of 2017, it provided services to 12 million websites.
Its revenue for the first half of 2019 was $129.2 million, compared to $192.7 million in 2018 and $134.9 million in the year prior.
The number of paying customers have grown along a similar trajectory.
Its losses ticked up last year, with the company reporting a net loss of $87.2 million for 2018 compared to just $10.7 million in 2017; this year, its losses are on track to fall a bit, with Cloudflare posting a $36.8 million loss in the first half.
Source: The Street
https://www.thestreet.com/investing/sto ... o-15059940