TradingKey – Cloudflare (NYSE: NET) trades at $268.33. The stock broke out above a symmetrical triangle on the 4H with RSI at 74.57. Though close to overbought, there’s strong momentum, and there’s no bearish divergence. Cloudflare reported Q1 2026 results May 7. It posted $639.8 million of revenue for the quarter, up 34% from the year-earlier period. There were 4,416 customers with $100,000-plus deals, and deals over $1 million rose 73%, making Q1 2026 its largest-customer quarter.

The earnings headline, however, wasn’t a revenue beat. It was a 20% workforce reduction by CEO Matthew Prince, amounting to about 1,100 people, to transition Cloudflare to an “agentic AI-first operating model.” This was the kind of change that…