Cloudflare, Inc. (NET) experienced a significant surge of 15.57% over a 24-hour period on Tuesday, with a sharp move occurring in post-market trading following the release of its financial results.

The connectivity cloud company reported fourth-quarter revenue of $614.5 million, surpassing Wall Street estimates of $591.3 million, while adjusted earnings per share of $0.28 also beat expectations. Furthermore, Cloudflare provided revenue guidance for the first quarter and full fiscal year 2026 that exceeded analyst forecasts.

Chief Executive Officer Matthew Prince stated that the shift toward artificial intelligence and AI agents is fundamentally driving demand across Cloudflare's services, creating a "virtuous flywheel" for its platform. The company also highlighted closing its largest annual contract value deal ever during the quarter, underscoring strong enterprise adoption.