Cloudflare raised its full-year profit outlook after reporting quarterly results that topped market expectations, according to Bloomberg. The network security company said adjusted earnings per share for 2026 are now expected to come in at $1.25 to $1.26, up from its prior forecast of $1.19 to $1.20. The new range also sits above Wall Street analysts’ consensus estimate of $1.20.
The company said second-quarter performance also beat expectations. Cloudflare linked the stronger outlook to rising demand for network infrastructure and security services as AI applications expand rapidly. CEO Matthew Prince said the internet is shifting toward AI answer engines and agent-driven business models, with machine-to-machine traffic reshaping the online ecosystem.
In May, Cloudflare said it would cut about one-fifth of its workforce while pushing ahead with an AI agent-first strategy. Its stock has risen 44% so far this year.
Cloudflare raised its full-year profit outlook after releasing earnings, with the network security company now expecting 2026 adjusted earnings per share of $1.25 to $1.26, up from its previous forecast of $1.19 to $1.20.
The new outlook also came in above Wall Street analysts’ expectation of $1.20, according to Bloomberg. Cloudflare said its second-quarter results also beat market expectations.
The company said demand for network infrastructure and security services has kept growing as AI applications expand rapidly. CEO Matthew Prince said the internet is shifting toward AI answer engines and agent-driven business models, and that machine-to-machine traffic is reshaping the online ecosystem.
In May, Cloudflare announced plans to cut about one-fifth of its workforce and move ahead with an AI agent-first strategy. The company’s stock is up 44% this year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
