Cloudflare shares surge 5.41% after-hours as Q4 earnings outlook highlights AI-driven growth and enterprise adoption momentum.

Cloudflare shares surge 5.29% intraday on Q4 AI-driven growth optimism ahead of earnings report.

Cloudflare

BTIG Upgrades Cloudflare (NET) to Buy: Analyst Price Forecast Suggests 39.07% Upside

Cloudflare's 15min chart triggers Bollinger Bands Expanding Downward, KDJ Death Cross

Cloudflare's 15-minute chart shows RSI overbought, KDJ death cross.

Catalyst<ul> <li>Most analysts rate NET Buy or Strong Buy, showing broad institutional optimism.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a volatile state, and the direction is not clear enough.</li> <li>Bearish signals are obviously dominant (3 bearish vs 1 bullish).</li> <li>Fund flow overall trend is negative, with large and extra-large order inflows below 50%.</li></ul>

Key Factors

BTIG upgraded Cloudflare (NET) to Buy, citing strong partner momentum and field checks indicating over $100 million in annual sales across core businesses.Cloudflare is set to report Q4 earnings on February 10, with consensus estimates of $590.2 million in revenue and non-GAAP EPS of 27 cents per share, and the options market pricing in a 17.2% potential move.Jefferies analysts projected Cloudflare could exceed Q4 revenue estimates by 2%, driven by AI-driven growth, enterprise adoption of zero-trust cybersecurity, and global expansion, with a $235 price target from Barclays.Cloudflare (NET) shares declined 2.3% on February 5, 2026, amid broader sector pressures and a 33% decline since early November 2025, despite a recent BTIG analyst upgrade to Buy.

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