Company profile

Ticker
NET
Exchange
CEO
Matthew Prince
Employees
Incorporated in
Location
Fiscal year end
Industry
Other Technology
SEC CIK
IRS number
270805829

Calendar

12 Nov 19
28 Jan 20
31 Dec 20

News

61.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 119 0 +Infinity%
Opened positions 119 0 +Infinity%
Closed positions 0 0 NaN%
Increased positions 0 0 NaN%
Reduced positions 0 0 NaN%
13F shares
Current Prev Q Change
Total value 964.63M 0 +Infinity%
Total shares 53.42M 0 +Infinity%
Total puts 644.97K 0 +Infinity%
Total calls 35.69K 0 +Infinity%
Total put/call ratio 18.1
Largest owners
Shares Value Change
FMR 19.68M $338.97M NEW
NEA Management 4.06M $75.38M NEW
Gilder Gagnon Howe & Co 3.25M $60.42M NEW
BEN Franklin Resources 2.86M $53.03M NEW
Vanguard 2.62M $48.63M NEW
Etf Managers 2.4M $43.74M NEW
N Price T Rowe Associates 2M $37.14M NEW
Viking Global Investors 1.46M $27.03M NEW
WFC Wells Fargo & Company 1.28M $23.8M NEW
Capital Research Global Investors 1.25M $23.21M NEW
Largest transactions
Shares Bought/sold Change
FMR 19.68M +19.68M NEW
NEA Management 4.06M +4.06M NEW
Gilder Gagnon Howe & Co 3.25M +3.25M NEW
BEN Franklin Resources 2.86M +2.86M NEW
Vanguard 2.62M +2.62M NEW
Etf Managers 2.4M +2.4M NEW
N Price T Rowe Associates 2M +2M NEW
Viking Global Investors 1.46M +1.46M NEW
WFC Wells Fargo & Company 1.28M +1.28M NEW
Capital Research Global Investors 1.25M +1.25M NEW

Financial report summary

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Competition
NeustarGoDaddy
Risks
  • We have a history of net losses and may not be able to achieve or sustain profitability in the future.
  • We have experienced rapid revenue growth, which may not be indicative of our future performance.
  • If we are unable to attract new paying and free customers, our future results of operations could be harmed.
  • Our business depends on our ability to retain and upgrade paying customers and, to a lesser extent, convert free customers to paying customers, and any decline in renewals, upgrades, or conversions could adversely affect our future results of operations.
  • Problems with our internal systems, networks, or data, including actual or perceived breaches or failures, could cause our network or products to be perceived as insecure, underperforming, or unreliable, our reputation to be damaged, and our financial results to be negatively impacted.
  • Activities of our paying and free customers or the content of their websites and other Internet properties could subject us to liability.
  • Activities of our paying and free customers or the content of their websites or other Internet properties, as well as our response to those activities, could cause us to experience significant adverse political, business, and reputational consequences with customers, employees, suppliers, government entities, and others.
  • Although offering a free plan for certain of our products is an important part of our business strategy, we may not be able to realize all of the expected benefits of this strategy and the costs and other detriments associated with our free plan could outweigh the benefits we receive from our free customers.
  • The actual or perceived failure of our products to block malware or prevent a security breach could harm our reputation and adversely impact our business, results of operations, and financial condition.
  • If our global network that delivers our products or the core co-location facilities we use to operate our network are damaged or otherwise fail to meet the requirement of our business, our ability to provide access to our platform and products to our customers and maintain the performance of our network could be negatively impacted, which could cause our business, results of operations and financial condition to suffer.
  • If our customers’ or channel partners’ access to our platform and products is interrupted or delayed for any reason, our business could suffer.
  • Detrimental changes in, or the termination of, any of our co-location relationships, ISP partnerships, or our other interconnection relationships with ISPs could adversely impact our business, results of operations, and financial condition.
  • Abuse or misuse of our internal network services tools could cause significant harm to our business and reputation.
  • We may choose to make public disclosures of negative events about our network, systems, and products when we are not otherwise required by applicable law and those disclosures could materially and adversely impact our business, reputation, and results of operations.
  • Our network presence within China is dependent upon our commercial relationship with Baidu, and any detrimental changes in, or the termination of, that relationship could jeopardize our ability to offer an integrated global network that includes China.
  • Our international operations expose us to significant risks, and failure to manage those risks could materially and adversely impact our business.
  • Our business could be adversely impacted by the decision of foreign governments, Internet service providers, or others, to block transmission from Cloudflare IP addresses in order to enforce certain Internet content blocking efforts.
  • We are subject to governmental trade sanctions laws, and export and import controls, that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
  • We face intense and increasing competition, which could adversely affect our business, financial condition, and results of operations.
  • Our policies regarding user privacy could cause us to experience adverse business and reputational consequences with customers, employees, suppliers, government entities, and other third parties.
  • If we do not effectively expand, train, and retain our sales force, we may be unable to add new Enterprise plan customers, or increase sales to our existing customers and our business would be adversely affected.
  • If we fail to effectively manage our growth, we may be unable to execute our business plan, maintain high-quality levels of support, ensure the security of our network, adequately address competitive challenges, or maintain our corporate culture, and our business, financial condition, and results of operations would be harmed.
  • Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business.
  • We rely on our key technical, sales, and management personnel to grow our business, and the loss of one or more key employees or the inability to attract and retain qualified personnel could harm our business.
  • We believe our long-term value as a company will be greater if we focus on growth, which may negatively impact our profitability.
  • If we are not able to maintain our brand, our business and results of operations may be adversely affected.
  • We provide service level commitments under our Enterprise plan customer contracts and our Business plan terms of service. If we fail to meet these contractual commitments, we could be obligated to provide credits for future service or allow customers to terminate their subscriptions and our business could suffer.
  • If our products do not obtain and maintain market acceptance, our ability to grow our business and our results of operations may be adversely affected.
  • We may not be able to respond to rapid technological changes or develop new products and features that are attractive to our current and prospective future customers.
  • Adverse economic conditions, including reduced spending on products and solutions for network security, performance, and reliability, may adversely impact our revenue and profitability.
  • Our relatively limited operating history makes it difficult to evaluate our current business and prospects, and may increase the risk that we will not be successful.
  • We have limited experience with our pricing models, and may not accurately predict the long-term rate of paying customer adoption or renewal, or the impact these will have on our revenue or results of operations.
  • As we expand our sales to contracted customers, our sales cycle could lengthen and become unpredictable.
  • Our growth depends, in part, on the success of our strategic relationships with third parties.
  • Our ability to maintain customer satisfaction depends in part on the quality of our customer support. Failure to maintain high-quality customer support could have an adverse effect on our business, results of operation, and financial condition.
  • If our platform and products do not interoperate with our customers’ internal networks and infrastructure or with third-party products, websites, or services, our network may become less competitive and our results of operations may be harmed.
  • We rely on a limited number of suppliers for certain components of the equipment we use to operate our network and any disruption in the availability of these components could delay our ability to expand or increase the capacity of our global network or replace defective equipment.
  • Our business could be adversely impacted by changes in Internet access for our customers or laws specifically governing the Internet.
  • Failure to comply with laws and regulations applicable to our business could subject us to fines and penalties and could also cause us to lose customers or otherwise harm our business.
  • Our actual or perceived failure to comply with privacy, data protection, and information security laws, regulations, and obligations could harm our business.
  • We are subject to anti-corruption, anti-bribery, and similar laws, and noncompliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
  • We may face fines, penalties, or other costs, either directly or vicariously, if any of our partners, resellers, contractors, vendors or other third parties to adhere to their compliance obligations under our policies and applicable law.
  • We are currently, and may be in the future, party to intellectual property rights claims and other litigation matters that, if resolved adversely, could have a material impact on our business, results of operations, or financial condition.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement and other losses.
  • Our failure to protect our intellectual property rights and proprietary information could diminish our brand and other intangible assets.
  • We depend and rely upon software and technologies licensed from third parties to operate our business, and interruptions or the unavailability of these technologies may adversely affect our business and results of operations.
  • Some of our technology incorporates “open source” software, we license some of our software through open source projects and we voluntarily make available some of our software on an open source basis, which could negatively affect our ability to sell our products, subject us to possible litigation and be used by other companies to compete against us.
  • Our business depends, in part, on sales to U.S. and foreign government organizations, which are subject to a number of challenges and risks.
  • We may have exposure to greater than anticipated income tax liabilities and may be affected by changes in tax laws, which could adversely impact our results of operations.
  • Our results of operations may be harmed if we are required to collect sales and use, gross receipts, value-added, or similar taxes for our products in jurisdictions where we have not historically done so.
  • Our international operations require us to exercise judgment in determining the applicability of tax laws, which may subject us to potentially adverse tax consequences.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • We rely on third-party software for certain essential financial and operational services, and a failure or disruption in these services could materially and adversely affect our ability to manage our business effectively.
  • Our business is exposed to risks associated with credit card and other online payment processing methods.
  • Because we recognize revenue from subscriptions for our products over the term of the subscription, downturns or upturns in new business may not be immediately reflected in our results of operations and may be difficult to discern.
  • We are exposed to fluctuations in currency exchange rates, which could negatively affect our results of operations.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect or financial reporting standards or interpretations change, our results of operations could be adversely affected.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • Our business is subject to the risks of catastrophic events.
  • Future acquisitions, strategic investments, partnerships, or alliances could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business, dilute stockholder value, and adversely affect our results of operations, financial condition, and prospects.
  • Certain of our market opportunity estimates, growth forecasts, and key metrics included in this report could prove to be inaccurate, and any real or perceived inaccuracies may harm our reputation and negatively affect our business.
  • The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members.
  • Our management team has limited experience managing a public company.
  • An active trading market for our Class A common stock may not be sustained.
  • The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment.
  • We may need additional capital, and we cannot be certain that additional financing will be available on favorable terms, or at all.
  • The dual-class structure of our common stock has the effect of concentrating voting control with those stockholders who held our capital stock prior to the completion of our initial public offering, and it may depress the trading price of our Class A common stock.
  • A substantial portion of the outstanding shares of our Class A common stock and Class B common stock are restricted from immediate resale, but may be sold on a stock exchange in the near future. The large number of shares of our capital stock eligible for public sale or subject to rights requiring us to register them for public sale could depress the market price of our Class A common stock.
  • We have broad discretion over the use of the net proceeds from our IPO and we may not use them effectively.
  • We are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our Class A common stock less attractive to investors.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the market price of our Class A common stock.
  • Our amended and restated bylaws designate a state or federal court located within the State of Delaware as the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or employees.
  • Our Class A common stock market price and trading volume could decline if equity or industry analysts do not publish research or publish inaccurate or unfavorable research about our business.
  • We do not intend to pay dividends for the foreseeable future.
Management Discussion
  • We have granted qualified event options (QE Options) and qualified event restricted stock units (QE RSUs) to employees and contractors which vest on the satisfaction of both a service-based condition and a performance condition. For QE Options, the performance condition was deemed satisfied upon our Class A common stock being listed on a public exchange. For QE Options, the service-based condition is satisfied by rendering service from the date of grant through the qualifying event, as well as a four-year vesting period commencing with the qualifying event. For QE RSUs, the performance condition was deemed satisfied upon the effective date of our registration statement on Form S-1 filed with the SEC in connection with the IPO. The QE RSUs have a service-based vesting condition satisfied over a four-year vesting period. The listing of equity securities event and effectiveness of a registration statement event are not deemed probable until consummated. In connection with our IPO, we recognized $21.0 million of cumulative stock-based compensation expense for the QE Options for the service period rendered from the date of grant through the equity securities listing date and for the QE RSUs that vested in connection with the effective date of our registration statement on Form S-1 and began recording the remaining unrecognized stock-based compensation expense over the remainder of the requisite service period.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg

Proxies

No filings