Cloudflare CEO talks supplying 2020 candidates, enterprises with cloud security

Something about the exciting

cloud

stock that unfortunately became public last September, why did that IP get slammed? Because we work, then it is called a

cloud

fair. Here's a company that helps businesses manage their websites, make them more secure, improve performance, and deploy a ton. of different content delivery services on one seamless platform, this is exciting shortly after the cloud fair became, public shares rose from 15 to 22, but then cloud shares went out of style and fell to 1450 in October, shares have been rising steadily ever since. We are back at 17 and today we are closed, but the company with a big cloud of clouds just reported some excellent numbers last Thursday, a bullish guide for the next quarter and the lobby, however, the stock could not get any traction;

In fact, they have gone down since they reported it. Like Wall Street is making a mistake here or there's something I'm missing, let's take a closer look at Matthew Prince, he's the co-founder and CEO of CloudFlare, best read in the Prince Quarterly Job Center, welcome to Met Money , it's a pleasure to see you, sir, yes. Here we go, booyah, this is your first time, so I want to give you the floor for a moment to talk about what CloudFlare does and why it's different from other people in the space, so CloudFlare is the service that makes the modern cloud. 10 years ago when we started the company, I realized that the Internet had some core problems that needed to be protected, they needed to be reliable and fast, and yet the hardware we were all using were firewalls, load balancers, and weighing optimizers. in the past it didn't work in the cloud, there was literally nowhere you could ship hardware box to box and you still needed to solve those problems, so at CloudFlare what we did was build one of the largest networks in the world .

We are in two hundred cities around the world to solve those problems, what that means is stopping 50 billion attacks every day for our six points, 2.6 billion, excuse me, million customers and 26 million interpretation properties different that depend on our service, has incredible income 51% but what I thought was more interesting is the election that you are great, it is to make the elections safe. I think it's great to talk about, well, one of the things we saw in 2016 when a lot of technology company platforms. were being used to subvert democracy was that we could play a role in helping to protect it and that's why we've worked with different political campaigns and with us, local, state and federal election officials, to make sure they can use our platform at no cost. .

To keep your services online and available, we couldn't have built CloudFlare without a stable and functioning democracy and I think it's our duty to help protect that well. I think what is the bait for this acquisition, the acquisition of s2 systems in January, which seems to also help with the

security

idea which I think is very important or is it crazy, one of the things that we have seen is that there is literally no no one who likes their corporate VPN. I mean, I don't know what you have to use here at CNBC, but it was a pain to get up and running and so what we launched was something called the Teams Cloud Floor that said how can we use our massive global network, all of our data? of threats to keep our customers safe online and make you In fact, we can have a positive experience and the really interesting thing is that we launched a free version for consumers out there, so if you go to an app store and look at 1.1 1.1, which is the easiest to remember IP address in the world.

Then you can be safe even as a consumer and use the cloud learning network. Well, people say, "Wait a second. These guys are just another Akamai. It's not a fair comparison. No, I mean, Akima is an awesome, right person that we have." I've admired that for a long time and I think what we did was we started with

security

first and built a network to support that. I think Akamai has seen what we've done and they are reaching out to us over time. I really believe that there are five global networks that are going to import CloudFlare Akamai Google Microsoft and Amazon and those are the networks that if you are online you should trust and I think the powerful thing about us and the powerful thing about ahkamaat is we are the only two that we are independent of the public cloud and that's what drives a lot of our biggest success guys, about ten percent of the fortune of the first 1000, which is a lot of customers and it continues because you guys we have great customers ninety-five and twenty-six that you gave us, we still don't have the figure for 2019, maybe you can give us that where are the forty five hundred and fifty clients that spend over a hundred thousand dollars a year with us and that includes large companies that are located in all the different sectors and industries, if you look at the large public companies that you admire and that I admire, like Shopify Zendesk HubSpot sales, they all enable new customers and also now you get consumer packaged goods, which is really the Holy Grail, but we are looking for, you know, with a question, this last quarter on Mars, which was a complaint from Hugh Morris, they signed up for CloudFlare because what they were worried about is that they didn't want to give away all their data.

Amazon or Google a public cloud for us, so what the Fleur cloud can do is be that independent network that sits in front of any of the public clouds and allows you, as a company, not to have to put all your eggs in the Amazon basket. because you never know what product Amazon will release tomorrow and potentially be competitive with you. Cloud ler enables a multi-cloud environment and is extremely easy to use. Now that won compared to Google, Google and Asher, and what they wanted to do with Mars. What you wanted to do with us was make sure that you could move easily between those addresses and you say that all your documents are about coming and going, you can have that luxury if you want, that's right, don't get locked in. to any of those public cloud providers and what we do is we make it very easy to move between that and what Mars really wanted to do is also replace a lot of their legacy hardware, ultimately who we compete with are those public cloud providers. legacy hardware. that they were selling things that were expensive in terms of capital expenditure and also expensive in terms of maintaining people just to make sure those boxes keep running from time to time you mentioned Salesforce, as you know, has a very good relationship with Amazon Web Services , but maybe They are doing the same thing.

You know, I can't speak to exactly what Salesforce's strategy is, but they've been a great customer of ours and we've really admired them. If you look at where CloudFlare is today, it's almost exactly where Salesforce is. It was 10 years ago, yes, same revenue, same market cap, same number of employees, so we are trying to follow in their footsteps, starting with the long tail of consumers and then moving forward over time. Okay, do you want to mention that a lockdown expires in February? 19 yes, of course, so we don't know what is going to happen, you don't know who is going to sell, no, I would wait a long time because you have very little stock, but I want to point it out so that people don't say Jim, how can I not mention that there was a stoppage in the market?

Well, I won't be selling any shares tomorrow and I don't expect to do so anytime soon and once we've talked to who our biggest investors are. Do you really believe in the vision of this for the future? And there are many things that we are just starting. I wouldn't sell here, that would be a big mistake, okay, that's Matthew Prince, co-founder, president, CEO of CloudFlare Miro, I have to tell you, I was excited to have Matthew come on the show. I think it's a very good story and this is where a lot of people say that everything is too expensive, not everything is.

After the break, don't miss a second of that money follow Jim Cramer on Twitter have a question tweet Cramer's hashtag crazy tweets email Mad Money on CNBC calm down or call us at one eight hundred seven forty three CNBC miss something ed - Mad Money dot cnbc. with you