Cloudflare (NET) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.16 per share a year ago.
The internet security and cloud networking firm revealed the massive cuts on Thursday.
Cloudflare shares plummeted after-hours Thursday as the company announced it is cutting over one-fifth of its workforce. The company's first-quarter earnings beat analysts' expectations.
Cloudflare said it was laying off at least a fifth of its global workforce, citing the company's increased adoption of artificial-intelligence tools.
Cloudflare on Thursday announced layoffs of 1,100 staff as it reorganizes for "the agentic AI era." First-quarter earnings exceeded expectations, but Cloudflare shares dropped over 14% after hours.
The cuts are a response to artificial intelligence triggering a “paradigm shift” in the software industry, said Chief Executive Matthew Prince.

EARNINGS ALERT: NET

05:15pm, Thursday, 07'th May 2026
George Tsilis joins Marley Kayden and Sam Vadas to examine Cloudflare's (NET) plummet after a 1Q earnings beat. George says it was "not enough" as momentum and valuation may have hurt the stock going
Cloud services firm ​Cloudflare forecast quarterly revenue ‌below estimates on Thursday, and said ​it is laying ​off about 20%, or ⁠more than 1,100, ​employees globally.
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2026. “We had a very str
For the 12 months ending in March 2026, the indicator totaled a record R$ 57 billion. EBITDA also reached a record annual level of R$ 5 billion.
NET gears up for Q1 earnings with strong AI, enterprise demand tailwinds - but macro pressures and deal delays can weigh on results.
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it has been named a Leader in The Forrester Wave™: Edge Development Platforms, Q
NET is up 90%+ since my late-2024 Buy rating, but valuation has now caught up with the thesis. Q1 and Investor Day can support sentiment, especially if cRPO, large-customer growth, and AI tools remain
Cloudflare (NYSE:NET | NET Price Prediction) currently trades around $207.07, while the average Wall Street price target sits at $231.85, implying roughly 12% upside.
NEW YORK, May 4, 2026 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2026 financial results. First Quarter 2026 highlights: Loews Corporation reported net income of $337
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE