Cloudflare shares surged about 14% premarket on Tuesday as social media buzz around the "Clawdbot" AI agent rekindled investor enthusiasm for the company's tools that help run the technology.
Cloudflare (NET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
The latest trading day saw Cloudflare (NET) settling at $169.97, representing a -4.2% change from its previous close.
Cloudflare, Inc.'s enterprise customers reached 4,009, up 23% year over year, now generating 73% of total revenue versus 67% last year. Dollar-based net retention accelerated to 119% sequentially, driven by pool-of-funds contracts expanding usage across more than 55 products. Remaining performance obligations rose to $2.143 billion, up 43% year over year, materially outpacing reported revenue growth of 30.7%.
The latest trading day saw Cloudflare (NET) settling at $184.14, representing a -2.26% change from its previous close.
Cloudflare is acquiring Human Native, an AI data marketplace that manages transactions between developers and content creators. The company said the deal will help it build tools for AI developers to "find, access and purchase reliable high-quality data through fair and transparent channels.
The latest trading day saw Cloudflare (NET) settling at $182.78, representing a -2.24% change from its previous close.
Cloudflare (NET) closed the most recent trading day at $202.81, moving +2.43% from the previous trading session.
Cloudflare (NET) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cloudflare (NET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest trading day saw Cloudflare (NET) settling at $197.15, representing a -1.24% change from its previous close.
I upgraded Cloudflare to Buy following recent customer wins demonstrating its ability to compete directly with hyperscalers for AI-driven workloads. Its shift from CDN to an AI inference platform offers enterprises lower costs and eliminates egress fees, addressing key pain points versus AWS, Azure, and Google Cloud. Major contracts, including a $15M media platform and a $12.4M European pharma, validate its value proposition and strategic positioning.