On August 4, Cloudflare, Inc. rose 3.51% in regular trading, trading at $295.92/share, with turnover of $327 million.

On the news front, the company released the @cloudflare/computer open-source library, which allocates an independent virtual work computer to each AI agent, providing file system and command execution capabilities. The tool aims to replace traditional container solutions with lightweight Isolates, addressing scalability bottlenecks in large-scale AI agent deployment.

Additionally, Cloudflare is scheduled to report Q2 earnings after market close on August 6, with consensus EPS expected at -$0.03. Multiple investment banks have recently raised their target prices ahead of the report. Mizuho lifted its target from $260 to $310, while Scotiabank upgraded the stock to Sector Outperform with a target of $300, reflecting strong confidence in AI-driven growth prospects. The broader Internet Services and Infrastructure sector also showed strength, with CoreWeave up 5.08% and DigitalOcean up 2.97%.

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