European Investor
06 Nov 2026, 09:16
Cloudflare Jumps 13.5% Premarket as Revenue Growth Accelerates and Q4 Outlook Impresses
Cloudflare (NYSE: NET) shares jumped about 13.5% in premarket trading after the company reported its fastest revenue growth in nearly four years and issued a strong fourth-quarter outlook.
Third-quarter revenue rose 39% year over year to $782.5 million. Non-GAAP operating income increased to $137.1 million, representing a 17.5% margin, while adjusted EPS rose to $0.38 from $0.27 a year earlier.
Current remaining performance obligations grew 37%, providing additional visibility into future revenue. Operating cash flow increased to $215.4 million, while free cash flow reached $82.1 million.
For the fourth quarter, Cloudflare expects revenue of $845-$846 million and adjusted EPS of $0.43. Full-year revenue is projected at $2.963-$2.964 billion, with adjusted EPS of $1.35.
The 13.5% premarket surge appears to reflect accelerating top-line growth, expanding non-GAAP profitability and a strong forward revenue outlook, reinforcing investor confidence in Cloudflare’s position across AI infrastructure, connectivity and cybersecurity.
Cloudflare (NYSE: NET) shares jumped about 13.5% in premarket trading after the company reported its fastest revenue growth in nearly four years and issued a strong fourth-quarter outlook.
Third-quarter revenue rose 39% year over year to $782.5 million. Non-GAAP operating income increased to $137.1 million, representing a 17.5% margin, while adjusted EPS rose to $0.38 from $0.27 a year earlier.
Current remaining performance obligations grew 37%, providing additional visibility into future revenue. Operating cash flow increased to $215.4 million, while free cash flow reached $82.1 million.
For the fourth quarter, Cloudflare expects revenue of $845-$846 million and adjusted EPS of $0.43. Full-year revenue is projected at $2.963-$2.964 billion, with adjusted EPS of $1.35.
The 13.5% premarket surge appears to reflect accelerating top-line growth, expanding non-GAAP profitability and a strong forward revenue outlook, reinforcing investor confidence in Cloudflare’s position across AI infrastructure, connectivity and cybersecurity.
