NET Investor Day 2026 Takeaways - The Fantastic Act Four

Research evidence excerpt

NET Investor Day 2026 Takeaways - The Fantastic Act Four

Security Software

Security Software - Market Weight

CLOUDFLARE INC (NET) June 9, 2026

NET Investor Day 2026 Takeaways - The Fantastic Act Four Rating:

Peer Perform

The Wolfe Byte Price: 236.13

NET's A-day clearly walked through the multiple reasons why the company is well Price Target:

positioned to benefit in an agentic future across all acts of the platform. However, NA

we believe the implied growth in the long term targets were below expectations View NET Model

and Mark Anderson is retiring. View Comp Table

Company Information

We attended the NET A-Day where management spent time highlighting the 52-Week Range 160 - 273

Market Cap. (MM) 75,450

architectural decisions that position NET to benefit in Agentic future, a deeper look Enterprise Value (MM) 82,615

into the company's Act IV, and an update to the long term model. On AI, NET has Shares Out. (MM) 319.5

focused on building the lowest cost, most performant products, on the market which Avg. Value Traded (MM) 792.80 SI% of Float 2.8%

CEO Matthew Prince believes will be the default choice of agents who unlike humans EV/ Revenue 22.0x

make tool choices without emotions. Additionally, NET's early bet on isolates over

VMs makes the company's developer platform the better choice for agents over 300

traditional clouds resulting in 50%+ lower TCOs for customers. We were also given 280260

a deeper look into Cloudflare OS, NET's agent workspace which enables employees 240

to automate work by building apps and scheduling agents that have access to internal 220200

systems of records in a safe and secure manner that is driving improved productivity 180

for NET's sales people and builders. Management also highlighted how there is a 160140