According to CoinMeta, Cloudflare announced an upward revision to its annual profit forecast, with an estimated adjusted earnings per share of $1.35, which is higher than the previous prediction of $1.25 to $1.26. The average Wall Street expectation was $1.27 per share. Driven by the increased demand for network services due to the widespread adoption of artificial intelligence, the stock soared nearly 20% after the market closed. CEO Matthew Prince stated that the company achieved its fastest revenue growth in nearly four years and expanded its profitability. As of Thursday's close, the stock has risen 24% this year.