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Cloudflare Inc.  (NET)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Cloudflare Inc's

Competitiveness


 

NET Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Cloudflare Inc reported Total Revenue increase in the 2 quarter 2022 by 53.85 % year on year.
The sales growth was above Cloudflare Inc's competitors average revenue growth of 9.73 %, recorded in the same quarter.

List of NET Competitors





Revenue Growth Comparisons




Net Income Comparison


Cloudflare Inc. recorded net loss and most of company's competitors saw decline in earnings by -26.9 %

<<  More on NET Income Comparisons


Cloudflare Inc's Comment on Competitors and Industry Peers


We compete in the market for network services primarily across three categories:
On-premise network hardware vendors such as Cisco Systems Inc., F5 Networks, Inc., Check Point Software Technologies Ltd., FireEye, Inc., Imperva, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Riverbed Technology, Inc., and Broadcom Inc. We compete with these companies to provide security, performance, and reliability services. We believe we are positioned favorably against these vendors with our
cloud-based, multitenant approach that is better suited to an increasingly cloud-based world and that allows customers to treat our services as operational as opposed to capital costs.
Point-cloud solution vendors in various categories including cloud security vendors (such as Zscaler, Inc. and Cisco Systems, Inc. through Umbrella (formerly known as OpenDNS), and Menlo Security, Inc.), CDN vendors (such as Akamai Technologies, Inc., Limelight Networks, Inc., Fastly, Inc., and Verizon Communications Inc. through Edgecast), DNS services vendors (such as Oracle Corporation through DYN, Neustar, Inc., and UltraDNS Corporation), and cloud SD-WAN vendors. These providers are all focused on delivering point-cloud solutions. However, customers are increasingly looking for an integrated infrastructure platform offering security, performance, and reliability through a single vendor.
A subset of services provided by traditional public cloud vendors such as Amazon.com, Inc. through Amazon Web Services, Alphabet Inc. through Google Cloud Platform, Microsoft Corporation through Azure, and Alibaba Group Holding Limited through Alibaba Cloud. We believe customers want the ability to set a consistent policy across their on-premise, cloud, hybrid, and SaaS vendors, and be able to enforce that policy through an independent and integrated services provider. Customers are concerned about being locked in to any one public cloud provider. Our ability to efficiently and inexpensively move data between multiple clouds allows our customers to pick and choose the best from any cloud provider without fearing lock-in. Furthermore, unlike some public cloud providers, our business model aligns fully with the interests of our customers. We do not sell user data. We do not aim to compete with our customers. As we open our serverless platform to third-party developers, we believe we will increasingly compete with public cloud vendors for storage and compute workloads. Because of the efficiency of our Cloudflare Workers product, we are able to offer it at prices that are highly competitive with public cloud vendors, and because it is distributed across our entire network, it enables the development of applications that were not previously possible on the traditional public cloud.



  

Overall company Market Share Q2 2022

Due to outstanding performance in Overall company, revenue grew by 53.85 % Cloudflare Inc. improved its market share, to approximate 0.09 %.




<<  More on NET Market Share.
 
*Market share is calculated based on total revenue.


NET's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Cloudflare Inc. NET 18,142.74 813.00 -290.00 2,440
Akamai Technologies Inc AKAM 13,558 3,572.67 578.15 7,724
Amazon.com Inc. AMZN 1,179,079 485,902.00 11,607.00 1,298,000
Appian Corporation APPN 2,993 421.73 -123.74 705
Check Point Software Technologies Ltd CHKP 15,550 2,166.80 815.60 5,805
Crowdstrike Holdings Inc. CRWD 39,374 1,177.13 -116.41 4,965
Cisco Systems Inc. CSCO 172,949 51,557.00 11,812.00 77,500
Datadog Inc. DDOG 28,627 1,365.85 6.54 2,185
Dynatrace Inc. DT 10,409 1,121.96 41.27 0
F5 Inc. FFIV 9,115 2,677.81 343.53 5,983
Alphabet Inc. GOOG 1,313,222 278,139.00 72,016.00 163,906
Juniper Networks Inc. JNPR 8,718 4,926.50 390.90 9,817
Hello Group Inc MOMO 1,926 2,287.25 -459.11 0
Microsoft Corporation MSFT 1,814,606 198,270.00 72,738.00 163,000
New Relic Inc. NEWR 3,894 821.50 -214.30 1,284
Palo Alto Networks Inc PANW 16,719 5,501.50 -267.00 0
Uipath Inc. PATH 6,962 997.80 -428.84 4,013
Palantir Technologies Inc. PLTR 16,932 1,744.38 -539.03 2,920
Ptc Inc. PTC 12,679 1,906.08 499.19 6,709
Secureworks Corp SCWX 685 524.60 -50.07 2,555
Splunk Inc. SPLK 12,624 2,594.43 -567.06 3,200
Zim Corp ZIMFC 0 0.35 -0.01 5
Zscaler Inc. ZS 24,024 1,090.95 -390.28 3,153
SUBTOTAL 4,722,788.35 1,049,579.90 167,402.59 1,765,869
       
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