Cloudflare, Inc. (NET) saw its stock price soar 5.08% during intraday trading on Thursday, continuing a recent upward trend.

The surge appears driven by a series of strategic announcements. Cloudflare recently announced a partnership with AI security firm Wiz, now part of Alphabet's Google, aimed at enhancing AI-driven security capabilities. Concurrently, the company launched a new Cloudflare Mesh Networking System. These moves follow the expansion of its Agent Cloud platform, which introduced tools like Dynamic Workers for secure AI-generated code execution and Git-compatible Artifacts storage, designed to support production-grade AI workloads across its global network.

Adding to the positive momentum, Mizuho Securities named Cloudflare among its top software stock picks ahead of the earnings season, citing resilient fundamentals and product momentum in AI infrastructure as key factors sustaining investor confidence.