What Happened?
Shares of cloud security and performance company Cloudflare (NYSE: NET) jumped 3.4% in the afternoon session after reports revealed that Coinbase is planning to use Cloudflare’s infrastructure for stablecoin-based AI agent payments.
This partnership focuses on the x402 protocol, an open standard enabling autonomous agents to conduct micro-transactions. Investors are increasingly viewing Cloudflare’s edge network as the vital settlement layer for "agentic commerce," where machines autonomously purchase compute and data.
Adding to the positive sentiment, the company expanded its partnership with SentinelOne. The expanded partnership is expected to provide joint customers with AI-driven insights for real-time threat detection by integrating Cloudflare's network and security data directly into SentinelOne's platform.
Is now the time to buy Cloudflare? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Cloudflare’s shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 14 days ago when the stock gained 3.6% on the news that the company's CFO, Thomas Seifert, highlighted strong growth and a focus on AI during the Morgan Stanley Technology, Media & Telecom Conference. Seifert discussed the company’s solid performance in 2025, which included a 30% rise in revenue and the signing of its largest-ever contract, valued at $130 million. He also noted that traffic from AI agents doubled in January 2026, pointing to growing demand and a significant path for future growth. The company also published its 2026 Threat Report, which detailed the 230 billion threats it blocked on average each day, showcasing its key role in cybersecurity.
Cloudflare is up 15.9% since the beginning of the year, but at $227.09 per share, it is still trading 10.3% below its 52-week high of $253.30 from October 2025. Investors who bought $1,000 worth of Cloudflare’s shares 5 years ago would now be looking at an investment worth $3,225.
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
