Cloudflare reported its quarterly earnings, revealing a revenue of $459.95 million, which represents a 26.89% increase year-over-year, surpassing analyst expectations by $7.83 million. The earnings per share (EPS) stood at $0.19, also exceeding forecasts by $0.01 and reflecting a 26.67% year-over-year growth. For the fiscal year 2024, Cloudflare's total revenue reached $1.67 billion, marking a 29% increase compared to the previous year. The CEO announced a landmark contract with a Fortune 100 technology company, valued at $20 million over five years, which includes all Cloudflare products, signifying the largest new customer acquisition in the company's history. Additionally, Fortinet released its quarterly earnings, reporting a revenue of $1.66 billion, a 17.31% increase year-over-year, beating expectations by $60 million, with an EPS of $0.74, exceeding forecasts by $0.13.