Cloudflare has reported third-quarter earnings and revenue that exceeded many expectations. Sales projections across the internet sector were notably optimistic. Following this news, Cloudflare’s stock jumped as analysts considered the impact.
The company released its financial results after the market closed on Thursday. For the quarter ending September 30, Cloudflare reported earnings of 27 cents per share, marking a 35% increase compared to the same time last year. Additionally, revenue grew by 31%, reaching $562 million.
Analysts had predicted earnings of 23 cents per share and revenue around $544.6 million.
On the stock market today, Cloudflare’s stock climbed over 6% to $237.30. In fact, ahead of the earnings announcement, the stock had surged 112% so far in 2025.
Looking ahead to the current quarter, which wraps up in December, Cloudflare forecasts revenue of $589 million, compared to an expectation of $580 million.
Moreover, the company announced that CJ Desai will be leaving his position as president of products and engineering to take on the role of CEO at a different company.
Founded in 2009, Cloudflare focuses on enhancing the performance and security of web applications through a versatile global network.
Cloudflare Stock Technical Evaluation
There are also changes in top management. Further insights on Cloudflare’s growth and future plans can be found in an interview with Prince.
Currently, Cloudflare’s stock is trading close to a flat-base entry point of 230.10.
The stock holds an impressive overall rating of 97 out of 99, based on IBD’s analysis.
It currently has a B-minus Accumulation/Distribution Rating, which reflects changes in a stock’s price and volume over the past 13 weeks. A rating of A+ indicates considerable institutional buying, while an E would suggest a lot of selling; a C rating is neutral.
