Cloudflare Reports 50% Growth in Annual Contract Value
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy NET?
Source: NASDAQ.COM
Cloudflare Inc. shares rose by 5.07% as the stock crossed above its 5-day SMA, reflecting positive investor sentiment.
The company reported a significant revenue growth of 34% year-over-year, achieving $614.5 million in Q4, driven by the launch of AI agents. Additionally, the average annual contract value surged nearly 50% to $42.5 million, indicating strong demand and larger contracts from clients. Cloudflare's optimistic guidance for 2023, projecting sales between $2.785 billion and $2.795 billion, further supports its growth momentum.
This robust performance highlights Cloudflare's competitive position in the web services market, suggesting potential for continued expansion and profitability in the coming years.
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Analyst Views on NET
Wall Street analysts forecast NET stock price to rise
25 Analyst Rating
15 Buy
10 Hold
0 Sell
Moderate Buy
Current: 224.170
Low
131.00
Averages
253.24
High
318.00
Current: 224.170
Low
131.00
Averages
253.24
High
318.00
About NET
Cloudflare, Inc. is a connectivity cloud company. The Company delivers a range of services to businesses of all sizes and in all geographies, enhancing the performance of business-critical applications. Its full suite of products consists of application services that help deliver security, performance, and reliability for any organization's applications connected to the Internet, including Websites and application programming interfaces (APIs) and its secure access service edge (SASE) platform, which contains its suite of and workplace security services and network services solutions to help ensure traffic in and out of an organization’s network and devices is verified and authorized and data is protected and secured, as well as to securely connect data centers, cloud services, and branch offices to an organization with its connectivity cloud. The Company also offers developer-based solutions which build and deploys serverless and artificial intelligence applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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