Latest update
$272
Updated: Jul 16, 2026, 8:48 PM UTC
Browsing public data
Cloudflare, Inc. is a cloud services provider offering security, performance, and developer-based solutions globally. Its offerings span application security (WAF, Bot Management, API Security), performance optimization (CDN, DNS, Load Balancing), SASE, Zero Trust services, and developer tools like Workers AI, R2 object storage, and Cloudflare Workers. Cloudflare serves a broad range of industries including technology, healthcare, financial services, and government.
Revenue
The total dollars the company billed customers. When this number grows quarter after quarter, the business is finding more demand.
Latest
↑$639.8M
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
→+4.1%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+33.5%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Net income
What's left from revenue after paying every cost — employees, materials, taxes, interest. Sometimes called profit or 'the bottom line.'
Latest
↓-$22.9M
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
•—
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
•—
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Free cash flow
The cash actually left in the bank after the company has paid for everything and reinvested in itself. Harder to fake than net income.
Latest
↓$84.1M
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↓-15.5%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+59.0%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
| Metric | 3 yr | 2 yr | 1 yr |
|---|---|---|---|
| Revenue | — | — | +33.6% $479.1M→$639.8M |
| Net income | — | — | — |
| Free cash flow | — | — | +59.1% $52.9M→$84.1M |
P/E TTM
•—
Trailing twelve months. Today's price divided by the last year of actual earnings.
P/E NTM
•172.6×
Next twelve months. Today's price divided by what analysts expect the company to earn over the coming year.
Profitability
↓Weak
Operating margin (and the wider return profile) tells you how efficiently each dollar of sales becomes profit. High and rising = pricing power; low or falling = the business is grinding.
Share count
→Stable
Are the buybacks outrunning the stock-based comp? A shrinking share count means every existing share owns a bigger slice of future earnings.
Debt load
↑Light
Total debt against cash and earnings power (EBITDA). Light debt leaves room to invest and weather downturns; heavy debt shrinks the margin for error.
Debt service
→Mixed
Whether the cash the business generates easily covers its interest and loan payments. Strong here = no forced selling in a bad year.
Cash return at today's price
↓0.8%
Free cash flow divided by market cap — the cash yield you're getting for the price you pay. Above ~6% is rich, below ~3% is thin. P/E shown when the yield is too small to be useful.
While the long-term thesis and cycle are strongly bullish for Cloudflare, the stock is showing signs of short-term exhaustion, trading 6.6% above its daily 21 EMA and 20.4% above its weekly 21 EMA. Volume is contracting, indicating that recent gains might not be backed by strong buying pressure. Given the significant extension and the upcoming earnings event, a tactical 'WAIT' is appropriate to allow for potential consolidation or a healthier pullback, offering a better entry point consonant with the MARKUP cycle.
Short-term thesis
The risk sleeve is too fragile to support aggressive exposure.
Long-term exposure
Maybe own
There is a case here, but one sleeve still needs work.
Entry window
Wait
Cloudflare shows strong fundamental momentum but is currently extended from its short-term moving average. While the underlying trend is positive, waiting for a healthier entry point or consolidation closer to support is prudent. The current price extension suggests near-term caution, despite the positive long-term outlook.
Risk check
Fragile
The downside can widen quickly if this setup goes wrong.
Alignment
Mixed
Neither horizon fully wins, so size and patience matter.
What supports it
What limits it
Long-term thesis
The pervasive shift towards Artificial Intelligence and edge computing will fundamentally reshape internet infrastructure, requiring a global network fabric capable of low-latency compute and data processing. Cloudflare is positioned to be this foundational layer.
Bottleneck Role
Global Gatekeeper/Inference Edge. Cloudflare is uniquely positioned as the critical distributed layer enabling compute and data processing at the network's edge, serving as the connective tissue between users, IoT devices, and cloud/hybrid infrastructure.
Consensus Blind Spot
The market largely views Cloudflare as an improved CDN/security vendor. It has yet to fully grasp its emerging role as a critical, foundational platform for AI inference and serverless edge compute, which will unlock significant new revenue streams and margin expansion, moving it beyond traditional infrastructure valuations.
Demand Gap
The exponentially growing demand for extremely low-latency AI inference and application logic executed geographically close to users and data sources. Traditional centralized cloud models cannot meet these stringent performance requirements at scale.
Demand to Equity Scenarios
Rapid acceleration of AI inference at the edge, widespread adoption of serverless architectures (Workers), and significant migration to R2 object storage for distributed applications.
Demand
—
Earnings
+50%
Equity implication
+75%
Massive increase in usage and compute consumption on the Workers platform and R2, driving subscription and usage-based revenue growth with high operating leverage due to fixed network cost.
Steady growth in edge computing adoption, continued migration of web properties to Cloudflare for security and performance, and gradual expansion of Workers/R2 use cases.
Demand
—
Earnings
+25%
Equity implication
+35%
Consistent revenue growth from existing and new customer acquisition for core services, augmented by growing adoption of Workers/R2, leading to predictable earnings expansion.
Slower-than-expected adoption of edge applications, increased competition from hyperscalers entering the edge space, or regulatory hurdles for data localization/privacy.
Demand
—
Earnings
-20%
Equity implication
-30%
Reduced demand for new services, margin pressure due to competition, and increased compliance costs, leading to slower revenue growth and delayed profitability.
Dependency Chain
Repricing Triggers
Must be true
Thesis broken if
What changed
Signal
Conviction
Long term
Stock
Added since last run
8No longer flagged
0Nothing dropped this run
The prior call to 'BUY' at $223.97 was accurate, as the price moved in the predicted direction, rising 21.7%. The reasoning about Cloudflare pulling back and finding support proved correct.
Jul 16, 2026
LatestUpdated Jul 16, 2026, 8:48 PM UTC
Price at review
$272
Cloudflare shows strong fundamental momentum but is currently extended from its short-term moving average. While the underlying trend is positive, waiting for a healthier entry point or consolidation closer to support is prudent. The current price extension suggests near-term caution, despite the positive long-term outlook.
Jun 11, 2026
Updated Jun 11, 2026, 5:07 PM UTC
Price at review
$224
Cloudflare has pulled back from its prior overextended level, finding support and now consolidating near a key moving average. This presents a favorable entry point for long-term accumulation.
Jun 4, 2026
Updated Jun 4, 2026, 2:13 PM UTC
Price at review
$264
The stock is currently overextended and likely to pause or pull back slightly after a rapid move higher.