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People in Cloudflare (Cruel( Understand this message in large, block letters. San Francisco Cybersecurity is strongly coming to continue some of the biggest names of the technological sector.
Last month, Matthew Prince, Cloudfare’s co-founder and head, said that the fourth quarter revenues jumped 27% a year ago.
“In the quarter, a new large client, a new large customer, which pays more than $ 100,000 a year, and now there are 3497 large customers in 3497 years, 27% a year,” he said. the call of earnings. According to him, the contribution of these customers has increased by up to 66% to 66%.
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Cloudfare CEO sees encouraging signs
Prince said that since the beginning of 2024, customers have been disciplined with their budgets, “the deals are carefully investigated and every dollar is clearly and immediately. “
“This trend continued from Q4,” he said. “But as we progress a quarter, we found that the word” cloud “in these conversations, especially in the US security, the United States, the Modernization and Efficiency” Cloud “.”
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“These topics are playing directly to Cloudfare,” he said.
Bank of America Bank of Analysts, as occurring with Cloudfare, which sees the share of the share a year ago a year ago, is a securities as occurring with CloudFare.
On March 25, the investment company took the unusual step of Cloudfare, which has been raised twice to double, and more than a price target more than $ 60.
The power of a cloud clouds in AI-A-AAAA-service, which provides access to AI technologies and instruments through a cloud-based platform, so enterprises can use the AI opportunities without investing in infrastructure or practice,
The market market for EU-AAAAAA is estimated at about $ 14 billion last year and is expected to reach $ 72.13 billion by 2030.
“We think that CloudFare is preparing to be one of the” AI winners, “said a statement called in an investor,” he said. “It differs by offering an alternative to create its capacity to customers – an expensive and inefficient position.”
Analyst: Cloudfare shares, adds experience
A, AI-A-A-Service has already resonated with customers. Its surveys, the leading product of the AI, cloudfare clients, in the next 12 months, an average of up to $ 100,000 per customer, or $ 100,000 per customer, or 15% of total customer expenditures.
The company determined the two catalysts inulting Cloudfare’s growth of growth: AI and the company gains the defined approach, network security and especially on the edge of secure access service. This last structure delivers a wide range of regional networks and security controls through the cloud, not directly to the source of the information center.
A said that clients have increasingly overhide of hyperscalers like Amazon’s (Amzn( Aws, Oracle (Orclc( and Microsoft’s (Msft( AZURE platform, ease of use, scalability and use benefits.
“CloudFare network security facilities show a strong momentum and draw a market share from opponents,” he said.
“According to our survey, network security products currently penetrate 33%, will go to security products with more than 50% of new expenses in the next 12 months, replace opponents such as a checkpoint (Tingle( and Cisco, (CSCO( Customers watch to modernize network security with software solutions. “
Related: Analyst, Radar AI-Software resets price target for stock
At the beginning of this month, Morgan Stanley assumed Keith Weiss, a lot of overweight rating and 154 price targets covered Cloudfare.
The company has historically offered a consistent product innovation between more than one domestic, although more than 200,000 customers have been a consistent product update in many domains so that it is not a suitable market engine to make full money.
However, CloudFlare, Mark Anderson’s General Income Officer Mark Anderson – added Palo Alto networks (Panw( Prince “‘One of the best market leaders in industry” and productive chief operation specialist CJ Desai, former head operator in Servicenow (Now( .
As a result, CloudFare has reached an analytical investors in “many fronts”, “analytical investors.
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