Cloudflare (NET) stock climbed on April 16 following new AI infrastructure initiatives and an analyst upgrade from Piper Sandler.
The company introduced Cloudflare Mesh, a private networking framework designed to manage AI agents, human users, and multicloud environments.
Cloudflare also partnered with Wiz, a Google Cloud company, to enhance security visibility and infrastructure control.
These developments position Cloudflare as a governance provider for the agentic web, focusing on identity, access control, and data privacy.