Cloudflare's stock surged 28% in the past month, driven by its network crossing a milestone where over half of its internet traffic is now generated by machines such as bots and AI agents. This shift highlights growing demand for Cloudflare's services, especially its Workers platform that supports AI-driven tasks. While Cloudflare reported strong revenue growth, the stock's rally is based on an early-stage story of machine traffic growth, with the company still reporting GAAP net losses. Upcoming quarterly results will be key to seeing if this traffic growth translates into sustained revenue gains and broader AI demand impacts peers like Datadog and Snowflake.
Cloudflare's recent surge ties into its current trading dynamics on Pluang, where NET is priced at USD 356.31, just below its 52-week high of USD 359.60 as of Oct 07, 2026 02:02 WIB. Despite the rally, the platform shows a 72% sell and 28% buy order split, reflecting mixed investor sentiment. Meanwhile, peers like Datadog and Snowflake trade near their highs, with DDOG at USD 276.82 and SNOW at USD 336.53, showing modest daily changes.
