10 December 2024
Under the Radar: How does Cloudflare navigate increased competition and lower enterprise spending and what are the opportunities ahead?
Ever clicked into an online website only to see a pop-up that writes “verify you are human”?
If you’ve scrutinised the pop-up, chances are, you might find a logo at the side that says “Cloudflare”.
And if you have found the logo – then bingo – you’ve already been introduced to our guest for today.
Founded in 2009, Cloudflare is a leading connectivity cloud company listed on the New York Stock Exchange. While it offers security solutions like popups to verify human users, its business spans way beyond that.
The firm said it empowers users to make their employees, applications and networks faster and more secure everywhere while reducing complexity and cost. That’s through its suite of cloud-native products and developer tools for companies to develop and accelerate their businesses.
Cloudflare had in November 2024 forecasted fourth quarter revenue of between US$451 million and US$452 million, lower than the analysts’ average estimate of US$455.7 million based on data compiled by LSEG.
The expectations came amid intensifying competition among cloud and cybersecurity players and as enterprises dial back on expenditures as they look to an uncertain global economy.
But how does the firm assess its current operating environment and what does the road ahead look like for it?
On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Ben Munroe, Vice-President of Marketing, Asia Pacific at Cloudflare.

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