Cloudflare Jumps 19% as Q3 Beat and Raised Guidance Land
NET sits 84% above its 52-week low of $158.83 on elevated volume (2.6× avg).
Summary
Cloudflare shares are up 19.37% at $291.87 Friday, the first session to price in Thursday's after-close Q3 report. Adjusted EPS came in at 38 cents versus 34 cents consensus, and revenue rose 39% to a record $782.5 million against $738.5 million expected. Management guided Q4 revenue to $845-846 million versus $797.7 million consensus and lifted full-year 2026 revenue to about $2.963-2.964 billion from $2.864-2.870 billion, with full-year EPS guidance raised to $1.35 from $1.25-1.26. CEO Matthew Prince called it the company's best quarter ever, with annualized revenue crossing $3 billion and the fastest growth in nearly four years. Free cash flow was $82.1 million, or 10% of revenue, down from 13% a year earlier, and current RPO rose 37%.
At the time of this announcement, NET was trading at $291.47 on NYSE in the Technology sector, with a market capitalization of approximately $87.1B. The 52-week trading range was $158.83 to $370.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.