Cloudflare (NYSE:NET) shares gained 3% following the release of its Q4 2024 financial results. The company reported revenue of $459.9 million, up 26.9% year over year, exceeding analysts’ estimates by 1.8%.

Despite the revenue growth, the quarter was mixed: Cloudflare beat EBITDA expectations but fell short of analysts’ forecasts for full-year earnings per share. However, CEO Matthew Prince highlighted record growth in the company’s largest customers, those spending over $1 million annually. The number of such clients increased by 55 in 2024, with more than half of them added in the fourth quarter alone.

The strongest quarterly performance among competitors came from F5 (NASDAQ:FFIV), which grew revenue by 10.7% to $766.5 million, surpassing analyst forecasts by 7.2%. The company’s stock rose 9%, currently trading at $293.99.

The weakest quarter was for Akamai (NASDAQ:AKAM), which posted revenue of $1.02 billion (+2.5% year over year) but issued a weak growth forecast for 2025. As a result, Akamai’s stock dropped 17% to $81.42.

Fastly (NYSE:FSLY) had the slowest revenue growth (+2% year over year) but raised its full-year outlook. However, its stock plummeted 32.3%, falling to $6.82.

The overall sentiment in the content delivery sector remains cautious. Despite stable quarterly results, companies continue to face challenges in sustaining long-term growth.