Cloudflare (NET) Shares Skyrocket, What You Need To Know

Cloudflare (NYSE: NET) shares rose about 16% to an all-time high after the company reported a Q2 earnings beat and raised its full-year outlook, according to the article. The update points to improved confidence in monetizing automated web traffic and strengthening cloud and network performance.

Cloudflare reported Q2 results showing that, for the first time, more than 50% of traffic on its network was automated rather than human, according to CEO Matthew Prince. After the report, NET shares hit a record intraday near $325. Revenue rose 36% to $696.1M, and full-year guidance was raised to $2.864B-$2.870B. Q3 revenue guidance was $736M-$737M.

Cloudflare (NET) shares rose about 8.2% after the company reported Q2 revenue of $696.1 million, up 36% year over year, and increased current remaining performance obligations by 35%. Cloudflare raised 2026 revenue guidance to $2.86–$2.87 billion. Q2 non-GAAP operating income was $96.1 million, while GAAP operating loss was $205.7 million.

Cloudflare (NYSE:NET) reported Q2 adjusted EPS of $0.29 vs $0.27 expected, and revenue up 36% to $696.1 million vs $665.5 million consensus. The company cited AI-driven infrastructure demand. Q3 guidance calls for revenue of $736-$737 million and adjusted EPS of $0.34, above estimates. Shares were indicated up about 15%.

Cloudflare (NET) shares rose more than 16% premarket after it reported Q2 adjusted EPS of 29 cents on revenue of $696.1M, beating estimates of 27 cents on $665M, and raised Q3 and full-year guidance. Full-year revenue outlook is $2.86B to $2.87B and adjusted EPS $1.25 to $1.26. CrowdStrike (CRWD) results were also cited.

Cloudflare (NYSE:NET) shares rose about 16% after its Q2 results. Revenue was $696.1 million, up 36% and above analysts’ ~$665 million estimate. Non-GAAP EPS was $0.29. Remaining performance obligations increased 35%. Cloudflare raised full-year revenue guidance to $2.864B-$2.870B and set Q3 revenue around $737M.