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Cloudflare posts record quarter but stock falls amid tech selloff, raising valuation questions.

Company Fundamentals
06 Nov 2026, 18:37 WIB
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Bullish
Cloudflare posts record quarter but stock falls amid tech selloff, raising valuation questions.

Cloudflare reported its best quarter ever with revenue up 39% to $782.5 million and raised full-year guidance, yet its stock fell 21.2% during a broader tech selloff. Despite beating revenue and earnings estimates, the company still posted a GAAP net loss but expects to be profitable on a GAAP basis in Q4, earlier than its previous 2028 target. Investors face a valuation test with the stock trading well below its 52-week high and a market cap near $79 billion. Key upcoming indicators include whether the stock holds above recent lows and if Cloudflare meets its Q4 GAAP profit forecast.

As of Nov 06, 2026 23:51 WIB, Cloudflare's stock on Pluang is trading at USD 272.39, showing a strong 1-day gain of 11.10%, contrasting with the broader tech selloff mentioned in the news. The company’s market cap on Pluang stands at $87.07 billion, reflecting robust investor interest despite recent volatility. Notably, Pluang order activity favors buyers at 70%, indicating confidence in the stock's outlook among its users.

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