Cloudflare beats on earnings, but 20% AI-driven layoffs and weak guidance send shares down

Shares in Cloudflare Inc. plunged more than 16% in late trading today after the content delivery network and security company beat fiscal 2026 first-quarter estimates but issued second-quarter revenue guidance that fell short of expectations. It also announced plans to cut about 20% of its workforce in a restructuring tied to what it called an […] The post Cloudflare beats on earnings, but 20% AI-driven layoffs and weak guidance send shares down appeared first on SiliconANGLE.

Source: SiliconANGLE | 2026-05-07