The connectivity company beat first-quarter revenue and earnings estimates but said AI tools have made 1,100 roles unnecessary
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The connectivity company beat first-quarter revenue and earnings estimates but said AI tools have made 1,100 roles unnecessary
Cloudflare Inc. (NYSE:NET) reported first-quarter results that exceeded Wall Street expectations and lifted its full-year guidance, but the company’s shares dropped sharply after management announced major workforce reductions and investors reacted to slower revenue momentum.
↘️ Coinbase Global (COIN): The cryptocurrency exchange swung to a loss in the first quarter, weighed down by a weak crypto market. Shares retreated premarket. ↘️ Trade Desk (TTD): Shares slid 15% premarket after some disappointing earnings and guidance from the ad-tech company.
(Updates to include restructuring details and the latest stock price movement.) Cloudflare (NET)
Cloudflare, Upwork, Coinbase, and others cut thousands of jobs in May 2026 as AI restructuring reshapes the tech workforce.
Moby summary of Cloudflare, Inc.'s Q1 2026 earnings call
Cloudflare (NET) delivered earnings and revenue surprises of +7.53% and +2.87%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Matthew Prince: Thank you, Phil. A Fortune 100 technology company expanded their relationship with Cloudflare, Inc., signing a two-year $8 million contract for our privacy proxy solution, the fifth privacy engagement with this customer, solidifying Cloudflare, Inc. as their go-to privacy partner.
↘️ Airbnb (ABNB): The short-term rental company raised its full-year outlook, as strong global travel demand helped offset an influx in cancellations around the Iran war. The stock slipped about 1.7% afterhours.
Record quarterly results, surging security revenue, and a divided Wall Street set the stage for this volatile name, today, May 7, 2026.
Cloudflare stock was falling sharply in late Thursday despite better-than-expected first-quarter results from the cybersecurity company. Cloudflare reported adjusted earnings of 25 cents a share on revenue of $639.8 million. Analysts surveyed by FactSet were expecting earnings of 23 cents a share on revenue of $621 million.
The cuts are a response to artificial intelligence triggering a “paradigm shift” in the software industry, said Chief Executive Matthew Prince.
Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare were earnings movers late. The jobs report is on deck.
Investing.com - Cloudflare Inc. (NYSE:NET) reported first quarter results that exceeded analyst expectations but shares tumbled 14% after the company issued disappointing revenue guidance for the current quarter.
Cloud services firm Cloudflare forecast quarterly revenue below estimates on Thursday, and said it is laying off about 20%, or more than 1,100, employees globally. Shares of the company fell more than 13% in extended trading. The company expects second-quarter revenue between $664.0 and $665.0 million, compared with estimates of $665.3 million, according to data compiled by LSEG.
Cloud security and performance company Cloudflare (NYSE:NET) announced better-than-expected revenue in Q1 CY2026, with sales up 33.5% year on year to $639.8 million. The company expects next quarter’s revenue to be around $664.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.25 per share was 7% above analysts’ consensus estimates.
Artemis CEO Jon Ma argues Coinbase could 6x to a $300 billion market cap as stablecoins and AI agents reshape finance.
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In recent days, Cloudflare was highlighted as a Leader in Forrester’s Q1 2026 Edge Development Platforms report and continued promoting its AI-focused edge platform ahead of its first-quarter 2026 earnings release. This recognition, combined with growing enthusiasm around AI infrastructure peers and upcoming GEOINT 2026 participation, has sharpened investor attention on how Cloudflare’s edge and AI capabilities could influence its longer-term growth profile. We’ll now examine how...
Cloudflare Inc. (NYSE:NET) is one of the best growth stocks to invest in for the next 2 years. On April 14, Cloudflare and Wiz, now a part of Google Cloud, announced a partnership to secure AI-powered applications against emerging threats like shadow AI. The collaboration integrates Cloudflare’s AI Security for Apps with the Wiz Security […]
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Procore Technologies (PCOR) delivered earnings and revenue surprises of -4.23% and +1.94%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Cloudflare, Inc. (NYSE:NET) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer mentioned the stock during the episode and said: After the close, there’s another consistent winner reporting, Cloudflare. This company does a lot of things with content online, but what I like best is how […]