Cloudflare provides core infrastructure for AI applications. Quarterly revenue reached $614.5 million. This represents a 33.6% year-over-year increase.
The company surpassed EBITDA expectations. Full-year earnings guidance remains modest.
AI adoption and increased web traffic drive service demand. NET shares returned 8.45% over the past month.
A valuation analysis sets a fair value of $232.43 for the stock. The report labels Cloudflare as potentially undervalued.
Risks include customer concentration and potential margin pressure.