November 6 – Rapid adoption of artificial intelligence continues to drive demand for networking services, prompting Cloudflare to raise its profit forecast for the third time this year. In a statement released Thursday, the company said it expects full-year adjusted earnings per share of $1.35, up from its previous guidance of $1.25 to $1.26 and above the Wall Street consensus estimate of $1.27. Chief Executive Officer Matthew Prince said the company has accelerated its growth, delivering its fastest revenue growth in nearly four years while also expanding profitability. As of Thursday's close, the stock had climbed 24% this year and surged nearly 20% in after-hours trading. The latest results reflect Cloudflare's rapidly expanding business across internet infrastructure, security, and developer services. Cybersecurity stocks have posted strong gains overall this year, though specific performance varies by company and measurement period.
