Shares of Cloudflare, Inc. (NET) soared 5.17% in after-hours trading on Thursday, following the release of its impressive third-quarter results and optimistic future guidance. The web security and content delivery network provider demonstrated robust financial performance, exceeding market expectations.

Cloudflare reported Q3 revenue of $562.027 million, surpassing the IBES estimate of $544.8 million. The company's adjusted earnings per share (EPS) came in at $0.27, beating the anticipated $0.23. This strong performance indicates Cloudflare's continued growth and improved profitability in a competitive tech landscape.

Adding to investor enthusiasm, Cloudflare provided an encouraging outlook for both the fourth quarter and the full year. The company projects Q4 revenue between $588.5 million and $589.5 million, while the full-year revenue forecast stands at $2,142 million to $2,143 million. Furthermore, Cloudflare expects an adjusted EPS of $0.91 for the full year, signaling confidence in its ability to maintain profitability alongside its growth trajectory. The positive financial results and forward-looking guidance appear to be the primary drivers behind the stock's after-hours surge.