These Analysts Slash Their Forecasts On Cloudflare Following Q3 Results - Cloudflare (NYSE:NET)

Benzinga · Avi Kapoor · 2026-11-06 13:07 UTC

Cloudflare beat Q3 estimates, raised full-year guidance, and shares surged 19.9%; analysts cut price targets despite strong results.

Cloudflare Inc (NYSE:NET) on Thursday reported upbeat third-quarter financial results.

Cloudflare reported third-quarter revenue of $782.513 million, up 39% year-over-year. The revenue total beat a Street consensus of $738.532 million, according to data from Benzinga Pro. The company reported earnings of 38 cents per share for the quarter, beating a Street consensus estimate of 34 cents per share.

“The third quarter was Cloudflare’s best quarter ever,” Cloudflare CEO Matthew Prince said. “We crossed $3 billion in annualized revenue.”

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