Cloudflare News - May 7, 2026
Cloudflare Beats on Revenue and Cuts 1,100 Jobs for AI — Is the Market Right to Punish the Stock?
Shares of Cloudflare plunged 11.5% in after-hours trading to $227.25 after the company paired a strong Q1 earnings beat with the announcement of 1,100 layoffs...
🔴 NET is trading 11% down today on 20% workforce reduction despite Q1 earnings beat
NET is trading at $227.25 (-11%) in after-hours following the announcement of a 20% workforce reduction to shift toward an AI-first model. * Cloudflare...
Cloudflare's first quarter 2026 revenue grew 34% as it announced a 20% workforce reduction to focus on AI.
Cloudflare reported first quarter 2026 revenue of $639.8 million, up 34% year-over-year, and non-GAAP EPS of $0.25, beating analyst estimates. The company also...
🟢 NET is trading 5.6% up today ahead of Q1 earnings and agentic Internet focus
NET is trading at $262.48 (+5.6%) in pre-market ahead of its Q1 2026 earnings release, driven by momentum surrounding the company's agentic Internet...
🟢 NET is trading 4.2% up today ahead of Q1 earnings and agentic Internet focus
NET (Cloudflare) is trading at $259 (+4.2%) in pre-market ahead of its Q1 2026 earnings release as momentum builds for the report. • Analysts project revenue...