Cloudflare (NET) Hits New High on Stellar Q3, Bullish Outlook

Core Viewpoint - Cloudflare Inc. (NYSE:NET) achieved a new all-time high following strong Q3 earnings, leading to an optimistic growth outlook for the full year [1][3]. Financial Performance - Cloudflare narrowed its net loss by 91% to $1.29 million from $15.3 million year-on-year, while revenues increased by 31% to $562 million from $430 million [3]. - For the full year 2025, revenues are now projected between $2.142 billion and $2.143 billion, an increase from the previous estimate of $2.113 billion to $2.115 billion [4]. - Earnings per share for the full year are expected to be $0.91, with operational income projected at $297 million to $298 million, up from the prior outlook of $284 million to $286 million [4]. Q4 Expectations - For Q4, Cloudflare anticipates revenues between $588.5 million and $589.5 million, with operational income targeted at $83 million to $84 million [5]. Leadership Change - CJ Desai, the head of product and engineering at Cloudflare, will resign on November 7 to become the CEO of another publicly listed company [5].