Cloudflare rallies on Q2 beat and higher 2026 outlook
+5.57% to $300.27 from $284.43
What moved NET
- Second-quarter revenue rose 36% year-over-year to $696.1 million, with adjusted earnings of $0.29 per share beating the $0.27 estimate.
- Cloudflare raised its full-year 2026 revenue forecast to $2.864-$2.870 billion, above its prior guidance and analyst consensus.
- CEO Matthew Prince said non-human traffic, largely attributed to AI agents, surpassed 50% of the company’s total network traffic for the first time.
Sources: Yahoo Finance · Tradingpedia