Cloudflare Shares Surge Following Strong Q3 Results and Raised Full-Year Guidance
Cloudflare (NYSE: NET) reported third-quarter revenue of $782.5 million, a 39% year-over-year increase that exceeded Wall Street estimates. The company's growth was driven by accelerating enterprise adoption and high demand for its developer platform fueled by artificial intelligence workloads. Adjusted earnings per share reached $0.38, surpassing the projected $0.34. Looking forward, Cloudflare issued aggressive guidance for both the fourth quarter and the full year 2026, significantly outperforming consensus estimates. The company expects Q4 revenue to reach up to $846 million and full-year revenue to land between $2.963 billion and $2.964 billion. This optimistic outlook reflects strong commercial momentum and structural tailwinds in the security and AI infrastructure sectors.
Tickers: $NET
Topics: AI Workloads Cloudflare Q3 Earnings Enterprise Adoption Revenue Growth Stock Price Surge
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Part of the story Cloudflare Shares Surge Following Strong Q3 Results and Raised Full-Year Guidance (85 articles)