Fortune identifies Cloudflare for the second
consecutive year among the companies positioned for long-term
revenue growth and business potential
Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud
company on a mission to help build a better Internet, today
announced that it has been named a Fortune Future 50 company for
the second consecutive year, ranked number fourteen of the top
fifty global companies in 2024. This recognition comes at the end
of a groundbreaking year for the company in which it blocked on
average 165 billion cyber threats per day during the third quarter,
including the largest DDoS attack in the world, launched new tools
to help websites of any size control how their content is used by
AI bots, and helped to secure presidential campaigns and local
governments during the US elections.
"From global elections to the explosion of AI, 2024 has been a
year of rapid change in which we have all relied on the Internet
more than ever before. I am proud of how our team continues to rise
to the occasion to help our customers solve some of the hardest
problems they face when modernizing, transforming, and securing
their businesses,” said Matthew Prince, Co-founder and CEO at
Cloudflare. “The recognition on the Fortune Future 50 for another
year only further underscores how we’re continuing to deliver more
value to organizations with the power of our connectivity
cloud.”
Today about 20% of the web runs through Cloudflare’s network, in
addition to Internet properties like mobile apps, APIs, AI
workflows, and corporate networks. Cloudflare has millions of
customers, of which more than 221,000 are paying customers
including 35 percent of the Fortune 500 companies. Cloudflare’s
rapid product expansion has enabled the company to penetrate
adjacent markets, fueling its total addressable market growth from
$176 billion in 2024 to $222 billion by 2027.
Fortune and Boston Consulting Group examined nearly 3,000
companies globally, ranking the top 50 based on an assessment of
their long-term growth prospects. The Fortune Future 50 index
complements traditional performance metrics with an assessment of
the long-term growth prospects of the world’s publicly traded
companies with more than $5 billion in market value and privately
held firms with at least $1 billion in funding. The ranked
companies were selected for their ability to predict long-term
sales growth and evaluated on business dimensions across Strategy,
Technology, Talent, and Culture.
Alongside its consecutive Fortune Future 50 accolades in 2024
and 2023, Cloudflare has received a number of other industry and
editorial recognitions for its business, culture, leadership, and
innovation in the last year, including:
- Fortune Change the World 2024
- CNBC Changemakers 2024
- Fast Company Most Innovative Companies 2024
- Deloitte Technology Fast 500 2024
- Newsweek Top 100 Most Loved Workplaces 2024
- Reuters Events Sustainable Business Awards Finalist 2024
- Inc. Magazine Female Founders 2024
- CRN The Security 100: The 20 Coolest Web, Email and Application
Security Companies 2024
- CRN The Cloud 100: The 20 Coolest Cloud Software Companies
2024
- Fortune Future 50 2023
- The Webby Awards Top 5 Nominee Apps, Apps and Software -
Technical Achievement 2023
To learn more about Cloudflare, please check out the resources
below:
- The Cloudflare Global Network
- Cloudflare Investor Overview
- Cloudflare Careers
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud
company on a mission to help build a better Internet. It empowers
organizations to make their employees, applications and networks
faster and more secure everywhere, while reducing complexity and
cost. Cloudflare’s connectivity cloud delivers the most
full-featured, unified platform of cloud-native products and
developer tools, so any organization can gain the control they need
to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected
networks, Cloudflare blocks billions of threats online for its
customers every day. It is trusted by millions of organizations –
from the largest brands to entrepreneurs and small businesses to
nonprofits, humanitarian groups, and governments across the
globe.
Learn more about Cloudflare’s connectivity cloud at
cloudflare.com/connectivity-cloud. Learn more about the latest
Internet trends and insights at https://radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which statements involve substantial risks and
uncertainties. In some cases, you can identify forward-looking
statements because they contain words such as “may,” “will,”
“should,” “expect,” “explore,” “plan,” “anticipate,” “could,”
“intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential,” or “continue,” or the negative
of these words, or other similar terms or expressions that concern
Cloudflare’s expectations, strategy, plans, or intentions. However,
not all forward-looking statements contain these identifying words.
Forward-looking statements expressed or implied in this press
release include, but are not limited to, statements regarding
Cloudflare’s prospects for future growth, the market opportunity
for Cloudflare’s products and technology, Cloudflare’s
technological development, future operations, growth, initiatives,
or strategies, and comments made by Cloudflare’s CEO and others.
Actual results could differ materially from those stated or implied
in forward-looking statements due to a number of factors, including
but not limited to, risks detailed in Cloudflare’s filings with the
Securities and Exchange Commission (SEC), including Cloudflare’s
Quarterly Report on Form 10-Q filed on November 7, 2024, as well as
other filings that Cloudflare may make from time to time with the
SEC.
The forward-looking statements made in this press release relate
only to events as of the date on which the statements are made.
Cloudflare undertakes no obligation to update any forward-looking
statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law. Cloudflare may not actually achieve the plans,
intentions, or expectations disclosed in Cloudflare’s
forward-looking statements, and you should not place undue reliance
on Cloudflare’s forward-looking statements.
© 2024 Cloudflare, Inc. All rights reserved. Cloudflare, the
Cloudflare logo, and other Cloudflare marks are trademarks and/or
registered trademarks of Cloudflare, Inc. in the U.S. and other
jurisdictions. All other marks and names referenced herein may be
trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20241204752587/en/
Cloudflare, Inc. Daniella Vallurupalli Vice President, Head of
Global Communications press@cloudflare.com
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