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Cloudflare Raises Annual Outlook Above Market Estimates on AI-Driven Demand

On Aug 6, Cloudflare raised its annual revenue forecast to $2.86 billion to $2.87 billion, exceeding Wall Street expectations after strong second-quarter results sent shares up 18%.
The rapid rise of AI-led agents is driving increased traffic across Cloudflare's network, prompting businesses to rely on its platform to safely route traffic and run those tools.
Revenue for the second-quarter reached $696.1 million, surpassing the $665.5 million average analyst estimate according to LSEG-compiled data.
Shares rose 18% following the announcement, while second-quarter adjusted earnings came in at $0.29 per share, exceeding the $0.27 per share expectation.
Management forecast third-quarter revenue between $736 million and $737 million while raising annual adjusted earnings guidance to $1.25 to $1.26 per share, from prior guidance of $1.19 to $1.20.

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