Cloudflare Sees Record Customer Adds, Bot Traffic Overtakes Humans in 2026
NET sits 85% above its 52-week low of $158.83 on elevated volume (2.2× avg).
Summary
Cloudflare added a record number of large customers this quarter, driven by accelerating enterprise demand. CEO Prince disclosed that bot traffic now exceeds human traffic on its network, pulling forward the crossover forecast to 2026 from 2027. The company launched an Identity-Aware AI Gateway to secure and manage AI requests, and opened reservations for its Wallet product with full launch expected in coming months. These moves position Cloudflare to capture and monetize the surge in agent-generated internet activity. The updates follow last week's strong Q2 earnings and raised guidance, reinforcing the growth narrative.
At the time of this announcement, NET was trading at $294.00 on NYSE in the Technology sector, with a market capitalization of approximately $107.1B. The 52-week trading range was $158.83 to $324.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.