On August 7, Cloudflare, Inc. rose 16.72% in pre-market trading, trading at $330.0/share, with Turnover of $1.253 million.

The surge was driven by the company's strong Q2 earnings report released after the prior session's close. Q2 adjusted EPS came in at $0.29, beating the consensus estimate of $0.27 by 7.41% and representing a 38.1% year-over-year increase. Revenue reached $696.1 million, significantly exceeding analysts' expectations of $664.7 million, reflecting 35.8% growth from $512.3 million a year earlier.

The company also raised its full-year guidance, now expecting adjusted EPS of $1.25 to $1.26, up from $1.19 to $1.20 previously, and revenue of $2.86 billion to $2.87 billion, above the prior range of $2.805 billion to $2.813 billion. For Q3, management guided adjusted EPS of $0.34 on revenue of $736 million to $737 million, both above analyst estimates of $0.32 and $721.3 million respectively. The rapid development of AI agents driving network traffic growth was cited as the core catalyst accelerating demand for cloud security services.

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