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Cloudflare, Inc. · Software - Infrastructure

NET Cloudflare, Inc. · Earnings

Reports 2026-11-05 After close · ThuReaction day 11-06reported · reaction in progress

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Report card

Done· 8-K + call· 11-05 After close

The print · 8-K and call2026-11-05 · After close

Revenue$783M
est. $746M · +5.0%
EPS$0.38
est. $0.35 · +10.0%
Guidance · Next Q revenue$845.0M–$846.0M
vs consensus +5.9% · Consensus $798.2M

Breakdown

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Reaction

Now· open / day / 5-day· 11-06 → day 5

Reactionreaction not yet settled

After-hours move+14.9%as of 18:00
Open / day close— / —
5 days later—day 5 pending

Going in

Done· T-7 → T-1 freeze

Before the print · expectationsfrozen at T-1

Street consensus

$0.35EPS
$746MRevenue

The record · last 8 prints

2/8
beat the EPS consensusmissed 4
±10.1%
average first-day moveclosed higher 5 of 8 times
3/8
moved more than options impliedusually stays inside the implied move

Move ruler · first session

−15%+15%

The options-implied move posts once the event straddle is read, by the night before the print.

Pricing going in · as of the 11-05 close

−28.2%Move over the last 20 sessionsLast 5 sessions −20.9%
−10.3 ptsvs sector (XLK)XLK over the same window −17.9%
194.3×Forward P/EOn consensus current-FY EPS of $1.26 · 09-24

What the record doesn't tell you

Beat estimates 2 of 8 times. So which way does NET go on 11‑05?

  • Model lean for 11-05, and the evidence behind it
  • Move band, P10 – P90
  • Last 8 prints, quarter by quarter
  • Peers that already reported, and how they traded
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Lean, stance and evidence on this page are model outputs, not investment advice. Trade at your own risk. Disclaimer →

Cloudflare earnings review: what the record says

Cloudflare (NET) reported earnings on Nov 5, 2026, after the close. The company posted EPS of $0.38 against $0.35 expected (a 10.0% beat) and revenue of $783M against $746M expected.

Across its last 8 reports, NET beat the EPS consensus 2 times out of 8 with a figure on file, and the stock moved an average of 10.1% on the first trading day, closing higher 5 of 8 times. That first-day move was larger than the options-implied move in 3 of 8 reports. Measured over five sessions, the average move was 12.6%.

Historically, NET has usually stayed inside its implied move. NextPick tracks NET in its Cloud Computing basket alongside ORCL, SNOW, DDOG, TWLO, MDB, ZM, NTNX and DOCN, whose prints read through to this one.

Figures come from NextPick's earnings-reaction ledger and the options market. Not investment advice.

NET earnings: key questions

How much does NET stock move after earnings?

Over its last 8 reports, NET moved an average of 10.1% on the first trading day after earnings. The move was larger than the options-implied move in 3 of 8 reports.

Does NET usually beat earnings estimates?

NET beat the EPS consensus in 2 of its last 8 reports with a surprise on file and missed in 4.