Software stocks lead the broader market higher after a slew of solid earnings reports ease fears about AI disruption.
Cloudflare shares rose before the bell on Friday after the cloud services firm raised its annual forecasts, betting that resilient AI-driven demand will sustain traffic across its network.
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Cloudflare raised its full-year revenue forecast above Wall Street expectations after strong quarterly results, betting that the rapid rise of AI agents will keep driving traffic across its network, sending its shares up 18% after the bell.
Cloudflare stock jumped amid Q2 earnings that handily beat Wall Street targets while the company's revenue outlook came in well above views.
Cloudflare second-quarter earnings and revenue beat estimates.
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its second quarter ended June 30, 2026. “We delivered a stellar second quarter, highlighted by revenue accelerating to $696.1 million, up 36% year-over-year, and record growth in total paying customers, large customers, and developers on our platform,” said...