moneyheap
NET · Analysis updated Nov 6, 2026, 10:34 AM ET
Why is Cloudflare, Inc. (NET) stock moving?
Cloudflare's third-quarter revenue rose 39% to $782.5 million, above the roughly $737 million expected, and adjusted earnings of $0.38 a share beat the $0.34 consensus. It forecast fourth-quarter revenue of $845-846 million versus about $798 million expected and raised its 2026 revenue outlook to $2.963-2.964 billion from $2.864-2.870 billion. The finance chief said he now expects a profit under standard accounting (GAAP) in the fourth quarter, years ahead of the earlier 2028 target. At about 10:25 AM ET the stock was $274.67, up 12.3% from $244.51.
News behind the analysis
- Cloudflare shares leap after blowout Q3 results, strong forecastRevenue $782.5 million (+39%) vs $736.8 million; adjusted EPS $0.38 vs $0.34; Q4 revenue $845-846 million vs $798.2 million; GAAP operating loss $67.9 million.
- Cloudflare Shares Surge Over 14% as Third-Quarter Revenue Jumps 39% and Company Raises 2026 OutlookFull-year revenue now $2.963-2.964 billion vs $2.87 billion consensus; current RPO up 37%.
- Cloudflare Shares Jump 15% After Q3 Beat, Raised Full-Year OutlookPrior full-year range $2.864-2.870 billion; EPS guidance to $1.35; the stock fell 21% after its May report.
- Cloudflare (NET) Stock Jumps 15% Premarket After Record Q3 and Raised OutlookGoldman Sachs reiterated Buy and a $420 target; agent developers on Workers rose to 10 million from 7 million; stock fell 13% the prior week.
- Cloudflare Stock Surges 15% After Q3 Beat and $97M Outlook RaiseCFO expects GAAP profitability in Q4 2026, ahead of the 2028 target; 308 large customers added; net retention 122%.
In the Daily Standout
- November 6, 2026: on the shortlist +12.33%