NET

Cloudflare's stock experienced significant events in the past six months. On May 7, 2026, the company reported strong first-quarter financial results, exceeding analyst expectations, which initially caused the stock to surge. However, the announcement of a major organizational restructuring, including a 20% workforce reduction, led to a significant decline in the stock price on May 8, 2026, due to concerns about near-term execution risk and growth expectations. Despite the downturn, Cloudflare's stock was still up around 30% year-to-date as of May 9, 2026.