Cloudflare
NETMarket price data through August 7, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +50%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$200
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- August 2025
- The month this stock first became a Benson pick.
- Tracking duration
- 12 months
- How long Benson has been tracking this pick.
About Cloudflare
Cloudflare runs the network that protects and speeds up a huge chunk of the internet. They sit between people and websites, blocking attacks, routing traffic, and now hosting AI applications and agents directly on their global network. As the web shifts toward AI answer engines and machine to machine traffic, Cloudflare is building the roads, tolls, and payment rails that traffic has to travel on.
The case for and against
Both sides of the story, in plain English.
- Growth Accelerating
Second quarter revenue hit 696.1 million dollars, up 36% from a year ago, faster than the 34% pace last quarter. Current remaining performance obligations grew 35%, so the order book is keeping up with what they actually collected. Management now expects roughly 2.87 billion dollars in revenue for the full year, and about 737 million dollars next quarter.
- Real Cash Coming
Cash from operations reached 117.6 million dollars, with free cash flow of 56.4 million dollars, up from 33.3 million a year ago. Adjusted operating profit rose to 96.1 million dollars, and adjusted net income climbed to 107.8 million dollars from 75.1 million. They also hold 4.16 billion dollars in cash and investments to keep funding AI buildouts.
- Losses Widening
On a reported basis Cloudflare lost 205.7 million dollars from operations this quarter, versus a 67.3 million dollar loss a year ago. Gross margin slipped to 71.8% from 74.9% as AI infrastructure gets more expensive to run. Stock based pay alone was 140.6 million dollars, which quietly dilutes existing shareholders every quarter.
- Restructuring Bill
Cloudflare booked 150.7 million dollars in restructuring charges this quarter as it reorganizes around an AI first operating model. Big reorganizations can slow sales momentum while teams settle. On top of that, the stock is priced near 100 billion dollars in market value on under 3 billion dollars of yearly revenue, so any stumble gets punished hard.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-07. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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