New York, Feb 13, 2026, 18:16 (EST) — After-hours
Cloudflare (NYSE: NET) climbed 5.8% Friday, last seen trading at $195.85 after hours. That price tag puts the network security firm’s value close to $76 billion. Shares moved between $184.66 and $198.71 during the day, with trading volume near 6.7 million shares.
Cloudflare remains in the spotlight, having guided 2026 revenue to land between $2.785 billion and $2.795 billion, with non-GAAP earnings projected at $1.11 to $1.12 per share. For the first quarter, revenue is seen at $620 million to $621 million. The company logged a 48% jump in remaining performance obligations, those still-unrecognized revenues under contract, while the slice due in the next year climbed 34%. “We were built for this moment,” CEO Matthew Prince said, citing a standout annual contract value that averaged $42.5 million. (Cloudflare)
The rate environment worked in the market’s favor as well. January’s U.S. consumer price index ticked up just 0.2% on the month, up 2.4% year-over-year—both falling short of economists’ forecasts. Treasury yields edged lower after the numbers. “The inflation report is better than expected,” said Phil Orlando, chief market strategist at Federated Hermes. (Reuters)
Capital World Investors disclosed in a Schedule 13G filing with the U.S. Securities and Exchange Commission that it owned 36.37 million shares of Cloudflare, representing roughly 11.5% of the company as of Dec. 31. According to the filing, the stake is held in the ordinary course, with no intent to alter or influence control. (SEC)
Citi’s Fatima Boolani bumped her Cloudflare target up to $265 from $260, sticking with her Buy call. She described the fourth quarter as “robust,” TheFly reported. (TipRanks)
The CDN space has seen whipsaw moves during earnings season. Fastly shot up over 75% Thursday, smashing forecasts; Akamai climbed too, just before its own report set for Feb. 19, according to Investors.com. (Investors.com)
Cloudflare’s recent uptick in backlog and momentum with big-ticket deals has traders eyeing whether that will turn into more consistent bookings heading into spring, rather than just another quick bump after earnings.
Still, the downside risk lingers. Shares react quickly if yields bounce back, and any slip in enterprise spending—or a more aggressive push from rivals or hyperscalers—could hit a stock that’s trading with high-growth expectations.
Management is scheduled to speak at Baird’s Silicon Slopes Conference on Feb. 26, followed by a slot at Morgan Stanley’s Technology, Media & Telecom Conference on March 3, the company said in its earnings-call transcript. (fool.com)
