Cloudflare jumps on strong annual, Q1 sales outlook

Shares of Cloudflare NET.N jump 14.3% to $205.8 pre-market

Co forecasts Q1 and annual sales above Street estimates

Projects 2026 sales between $2.79 billion and $2.80 billion, above analysts' average estimate of $2.74 billion, according to data compiled by LSEG

Expects Q1 sales between $620 million and $621 million, above expectations of $613.9 million

December quarter revenue grew 33.6% to $614.5 million, beating estimates of $591.3 million

Aleast three brokerages raised their PTs on NET after the results

Average rating of 36 brokerages is "buy"; their median PT is $245 - LSEG-compiled data

NET stock down 8.5% YTD; it gained 83% in 2025