Cloudflare jumps on strong annual, Q1 sales outlook

Cloudflare

11/02/2026 10:04

** Shares of Cloudflare NET.N jump 14.3% to $205.8 pre-market

** Co forecasts Q1 and annual sales above Street estimates

** Projects 2026 sales between $2.79 billion and $2.80 billion, above analysts' average estimate of $2.74 billion, according to data compiled by LSEG

** Expects Q1 sales between $620 million and $621 million, above expectations of $613.9 million

** December quarter revenue grew 33.6% to $614.5 million, beating estimates of $591.3 million

** Aleast three brokerages raised their PTs on NET after the results

** Average rating of 36 brokerages is "buy"; their median PT is $245 - LSEG-compiled data

** NET stock down 8.5% YTD; it gained 83% in 2025

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))