On August 26, Cloudflare, Inc. rose 3.07% in regular trading, trading at approximately $286.09 per share, with turnover of $74.03 million.

On the news front, Cloudflare's Asia-Pacific executive publicly disclosed that AI agent-generated traffic surged over 1700% in the past year and now accounts for approximately 60% of total traffic, bringing significant incremental demand to the company's cybersecurity and edge computing businesses. The data further validates the AI agent-driven growth thesis from its Q2 earnings, which showed revenue of $696.1 million beating estimates by 4.7%, with full-year EPS guidance raised to $1.25-$1.26 from the prior $1.19-$1.20 range. Oppenheimer previously raised its price target to $380 from $330, noting that AI agent traffic growth has not yet been fully reflected in the valuation. Morgan Stanley and Mizuho also lifted targets to $370 and $375, respectively, following the strong Q2 print. The stock has faced some headwinds from a proposed $2.18 billion convertible notes offering announced in early August, which had pressured shares from around $300, but the latest AI traffic data appears to have reinvigorated bullish sentiment.

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