Cloudflare Opens New Lisbon HQ, Supporting 350+ Employees

Lekha Gupta

October 18, 2024

Cloudflare, Inc. (NYSE:NET) disclosed the opening of a new headquarters and technical hub in Lisbon, Portugal, to support its expanding EMEA operations and offices in London, Paris, Munich, and Dubai.

Since 2019, the team in Portugal has grown from 14 to over 350 employees, and there are plans for further expansion in the coming years.

Cloudflare officially opened its new Lisbon office with a ribbon-cutting ceremony, followed by a reception attended by Portugal’s Minister of Economy, Pedro Reis, and other officials.

The company’s key Cloudflare executives, including co-founder and CEO Matthew Prince and CTO John Graham-Cumming, who opened the Lisbon office in July 2019, were also present at the event.

Cloudflare plans to expand further in the region as it continues to grow its global network, which already supports millions of Internet properties.

Cloudflare will continue collaborating with partners to support joint customers and drive further regional growth.

Pedro Reis, Minister of Economy of Portugal said, “Portugal is playing a role in the emerging geo-economy over the next few years. We are massively investing in strategic infrastructure, energy, innovation, and research and development. And, we want to continue to develop and attract new talents.”

Matthew Prince, co-founder & CEO of Cloudflare, said, “Cloudflare has been invested in Portugal for the past eight years, and it continues to be a well-connected international hub and a vibrant tech ecosystem. It’s home to an impressive talent pool and supportive government initiatives.”

Last week, Cloudflare appointed Chirantan “CJ” Desai as President of Product & Engineering to drive growth toward $5 billion ARR.

Investors can gain exposure to the stock via Spear Alpha ETF (NASDAQ:SPRX) and TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ).

Price Action: NET shares are up 0.25% at $90.63 premarket at the last check Friday.

Photo via T. Schneider/Shutterstock.com

Read Next:

TSMC, Strong Economic Data Push Dow To Fresh Record High: Investor Sentiment Improves, Fear Index Remains In ‘Greed’ Zone

Recommended

Single Stock Blueprint Available Now - Ad

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

America Can't Afford a Harris Presidency - Ad

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.

Fox's Bret Baier acknowledges 'mistake' in Harris interview over airing of Trump clip

Fox News anchor Bret Baier says he “made a mistake” during his interview with Kamala Harris in not airing video of a Donald Trump comment, something Harris pointed out to him in real time.

Gold: Now Legal Tender

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $6 strategy for gold immediately.

Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President's Tariff Plans: 'Weak And Pathetic Bully'

Former President Donald Trump launched a scathing attack on fellow billionaire Mark Cuban on Saturday, accusing him of being a "loser" and a "weak and pathetic bully."

Elon Musk's Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition

Billionaire Elon Musk on Saturday reportedly gave away $1 million to a man named John Dreher who attended his event in Pennsylvania aimed at rallying support for former President Donald Trump.

US Oil Set to Surge on Middle East Tension... Are You Ready?

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

This Chipmaker Jumps Over 16% After Nvidia Rival Signs $750M Deal Under Biden's CHIPS And Science Act

The funding aims to support Wolfspeed's long-term growth and enhance domestic production of silicon carbide, a critical component for electric vehicles, AI data centers, and battery storage systems.

Jay-Z, Praised by Warren Buffett as 'The Guy to Learn From,' Once Said He Wasn't Taught Emotional Intelligence, But How To Survive -- The Rap Legend's Growth Has Made Him Not Just A Better Person, But Also Worth $2.5B Today

Jay-Z, Praised by Warren Buffett as 'The Guy to Learn From,' Once Said He Wasn't Taught Emotional Intelligence, But How To Survive -- The Rap Legend's Growth Has Made Him Not Just A Better Person, But Also Worth $2.5B Today

Jay-Z's journey from his Brooklyn roots to becoming hip-hop's first billionaire highlights how embracing emotional intelligence has significantly contributed to his personal growth and professional success.

Bigger Returns With Less Capital? The Multiplier Strategy Explained

Bigger Returns With Less Capital? The Multiplier Strategy Explained - Ad

Instead of paying thousands for an ounce of gold, why not multiply your returns by investing in the companies that mine it? As gold prices climb, their profit margins can skyrocket - and so can their stock price. The gold multiplier effect means bigger profits with lower investment. This young company, with prime land in one of America's richest gold districts, is ready to take full advantage of rising gold prices.

Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk's Political Views And Taking Business From Tesla

Peter Rawlinson, CEO of Lucid Group, discussed the company's relationship with the Public Investment Fund (PIF) of Saudi Arabia, Lucid's rivalry with Tesla and Elon Musk's political views.

Fox News says none of its employees wrote jokes for Trump to tell at traditional campaign dinner

NEW YORK (AP) — Fox News Channel on Friday denied Donald Trump's assertion that any of its employees wrote jokes for him to deliver this week at a New York appearance.

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Jeff Brown, the tech expert who recommended Nvidia, AMD, and Tesla, is now releasing new AI stock picks. He believes they could deliver even bigger gains than before.

Tim Cook Called To Complain About Billions In EU Fines Imposed On Apple, Says Trump: 'I'm Not Going To Let Them Take Advantage Of Our Companies'

Republican presidential candidate Donald Trump revealed that he spoke with Apple CEO Tim Cook, who expressed frustration over the EU's recent $17 billion in fines against the company, with Trump pledging to protect U.S. businesses from such penalties if re-elected.

European Cannabis Giant Bedrocan To Re-Enter Canadian Market With Pharmaceutical-Grade Products, New Facility

Bedrocan returns to Canada with a new facility in Scarborough. Licensed by Health Canada, production begins in 2025.

320 Hedge Funds Just Sold This Stock

320 Hedge Funds Just Sold This Stock - Ad

A strange force has seized control of Wall Street. Hedge funds are already moving their money... and preparing for even stranger days ahead. Over 320 hedge funds have quietly sold THIS famous stock -- to prepare for a dramatic market shift Get the strange truth from a 50-year Wall Street insider... including the name and ticker of the stock hedge funds are selling hand-over-first.

Turkey and Germany leaders meet in Istanbul and find many avenues of agreement. But not on Israel

ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan met with German Chancellor Olaf Scholz on Saturday in Istanbul, where both leaders discussed bilateral concerns and opportunities for cooperation. But they couldn't agree on their respective stances toward Israel.

Trump Falls 3 Points Behind Harris In New Poll, Economic Worries Dominate Voter Concerns: Report

In the upcoming U.S. presidential election, Democratic Vice President Kamala Harris maintains a narrow lead over Republican Donald Trump, according to the latest Reuters/Ipsos poll.

Shocking Footage from Bill Gates' $100 Billion AI Project

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Walgreens to close 1,200 US stores in an attempt to steady operations at home

Walgreens plans to close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround its .

Sibanye-Stillwater Loses $1.2 Billion Lawsuit, But Management Avoids Misconduct Charges, Touts No Compensation Claims

UK court rules Sibanye-Stillwater must compensate Appian Capital for terminating a $1.2B deal for Brazilian mines. Damages to be determined in November 2025.

The Mysterious VC Firm Behind Nvidia's Secret Weapon

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

The Nobel economics prize is being announced in Sweden

STOCKHOLM (AP) — The Royal Swedish Academy of Sciences is unveiling the winner — or winners — of the Memorial Prize in economics on Monday, wrapping up six days of awards announcements.

Top 2 Materials Stocks You May Want To Dump In October

Two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1%

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

Poland tightens visa rules as probe confirms previous government's cash-for-visas scandal

WARSAW, Poland (AP) — Poland is tightening its visa regulations as probes into alleged have confirmed which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday.

Bitcoin, Ethereum, Dogecoin Fall Amid Uncertainty Over Potential Sell-Off By US Government: Analyst Anticipates Upside To $63.5K-$65K For King Crypto After Initial Shakeout

Leading cryptocurrencies slipped Sunday as worries over high inflation and the U.S. government's potential Bitcoin liquidation weighed on the market.

Financial Nightmare Coming After Election

Financial Nightmare Coming After Election - Ad

In 2018, one independent research predicted Kamala Harris was on her way to becoming the president of the United States. "Frankly, she scares us to death... and she should scare you," they wrote. Which is why you need to check out their newest Kamala prediction immediately.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Edmunds: The most reliable used vehicles under $15,000

Buying a reliable used car, truck or SUV on a $15,000 budget is easy if you know what to look for. Edmunds’ experts have done that homework for you so you can start your search with the five recommended models listed below. RepairPal, a network of automotive repair shops, gives each one a high score for overall reliability. The vehicles also have favorable consumer reviews on Edmunds.

Could $1 Stock Be Sitting on a Billion-Dollar Discovery?

Could $1 Stock Be Sitting on a Billion-Dollar Discovery? - Ad

This $1 stock has already made its mark with a listing on the prestigious NYSE. Now, it's sitting on prime land in one of America's richest gold districts, with the potential for a billion-dollar discovery. For savvy investors, this may be a $1 "Golden Ticket" to massive returns.

Trump Backs Out Of Planned '60 Minutes' Interview, Ex-President's Campaign Says CBS Asked For Unprecedented Live Fact Checking

Former President Donald Trump has reportedly withdrawn from a scheduled appearance on CBS "60 Minutes."

European Medicines Agency's Panel Supports Approval Of Novartis' Kisqali In Patients With Early-Breast Cancer

Novartis' Kisqali receives a positive recommendation from EMA's CHMP for adjuvant treatment of early breast cancer, showing a significant reduction in cancer recurrence in a Phase 3 trial. European Commission decision expected soon.

Elon Musk: This Will Be Bigger Than Tesla

Elon Musk: This Will Be Bigger Than Tesla - Ad

I'm talking about Elon Musk's Optimus robots. These robots will make it cheaper to manufacture goods here in America than China, and I predict soon, AI technology will open a "wealth window" that could be the biggest wealth-building opportunity of your lifetime.

Vance Vs. Walz: Flash Poll Picks This Candidate As Tuesday's Debate Winner, But He Falls Short In Favorability Rating

The vice presidential debate was far from being confrontational and the two sides avoided personal attacks and deliberated mainly on policies.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

Strange New Catalyst for Gold ($5,000 Possible?)

Strange New Catalyst for Gold ($5,000 Possible?) - Ad

Many are wondering why so many countries are frantically buying gold right now. The truth is this is just the beginning of a much larger story. One that could send gold soaring to even bigger highs in the coming months. But the best way to cash in on gold's upside might surprise you. One firm says this $6 stock could be the best way to get started.

$26M Bet On Trump's Election Victory Fuels Speculation Of Coordinated Activity On Polymarket (UPDATED)

Single entity behind $26 million Trump bet on Polymarket, coordinated activity with similar deposit patterns, raises questions about manipulation.

Close call at Nashville airport came after planes were directed to same runway, probe shows

WASHINGTON (AP) — Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway.

Prepare for President Kamala

Prepare for President Kamala - Ad

I won't be voting for her. Even so, I'm worried VP Kamala Harris could pull off a victory and become our next president. And it would be much worse than anything you might expect--especially when it comes to your money. Because likely WON'T get a second chance at recovering the money you stand to lose if she takes power.

A Tesla car crashes and catches fire in France, killing 4

PARIS (AP) — Four people have died in a car crash in France after their Tesla vehicle reportedly hit a road sign and caught fire, police said Monday.

Trending Now