Cloudflare beats earnings, raises full-year forecast on AI-driven traffic surge
Cloudflare beat earnings expectations and raised its full-year forecast, crediting a surge in AI-driven internet traffic. Revenue grew 36% YoY and shares rose ~16%. Multiple analysts raised price targets (Morgan Stanley $370, BofA $380, Jefferies $350) citing strong AI demand and accelerating enterprise adoption.
Detected & updated continuously · Source: Nebula
Sources
@qz
Cloudflare is winning the AI internet buildout — and Wall Street noticed: Cloudflare beat earnings expectations and raised its full-year forecast, crediting a surge in AI-driven internet traffic for the momentum. The company's stock… https://t.co/VhoPkMNWCj #Cloudflare #AI https://t.co/dywfLGApPo
@schaeffers
Analyst updates on Cloudflare $NET after earnings: Morgan Stanley: PT → $370 BofA: PT → $380 Jefferies: PT → $350 The common theme? Strong AI demand, accelerating enterprise adoption, and confidence the company can sustain 30%+ growth.
@realcoincentral
📊 Friday's biggest stock moves: ⬆️ Atlassian $TEAM +30% — beat earnings, raised guidance ⬆️ Cloudflare $NET +16% — revenue up 36% YoY ⬆️ Twilio $TWLO +16% — expansion rate topped estimates ⬆️ Airbnb $ABNB +8% — raised full-year outlook ⬇️ Trade Desk $TTD -27% — missed on