From Nasdaq: 2024-04-09 08:59:00

Cloudflare, Inc. and Booz Allen Hamilton are teaming up to provide expedited DDoS mitigation with Under Attack as a Service. This collaboration aims to offer immediate incident response and continuous protection for enterprises facing cyber threats, ensuring uninterrupted business operations during critical times.

Cloudflare and Booz Allen Hamilton are working together to deliver a comprehensive solution to combat cyber threats swiftly and effectively. Mark Anderson highlights Cloudflare’s ability to stop even the largest cyberattacks globally. Brendan Rooney stresses the urgent need for effective mitigation solutions in today’s escalating threat landscape.

Cloudflare’s expanded portfolio includes Defensive.AI, Cloudflare One Data Protection Suite, and Workers AI. Recent acquisitions, such as Baselime, have further strengthened Cloudflare’s capabilities in the observability market. The company continues to see growth in customer numbers for its core application services and Zero Trust solutions.

Cloudflare’s financial performance has been strong, with fourth-quarter revenues and adjusted EPS increasing significantly year-over-year. The company’s robust top-line growth is driven by client wins and momentum among large enterprise customers. Cloudflare currently holds a Zacks Rank #3 (Hold).

Bill Holdings, Meta Platforms, and Twilio are among the better-ranked stocks in the technology sector. Bill Holdings has a Zacks Rank #1 (Strong Buy), while Meta and Twilio each carry a Zacks Rank #2 (Buy) at present. These companies offer promising growth prospects and have seen positive revisions in their earnings estimates.



Read more at Nasdaq: Cloudflare (NET) & Booz Allen Team Up to Combat Cyber Threats