Cloudflare climbs after upbeat annual revenue forecast

Cloudflare

10/02/2026 21:39

** Shares of the cloud services company Cloudflare NET.N rise 7% to $192.50 after the bell

** NET sees FY2026 revenue between $2.79 billion and $2.80 billion, above the consensus estimate of $2.74 billion, according to data compiled by LSEG

** Expects Q1 revenue between $620 million and $621 million, also ahead of expectations of $613.9 million

** NET reports Q4 revenue of $614.5 million, beating estimates of $591.3 million

** "The shift toward AI and agents represents a fundamental re-platforming of the internet that's driving demand across Cloudflare's services," CEO Matthew Prince

** Stock gained more than 83% in 2025

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))