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StocksMedium•20 March 2026•

1 min read

Cloudflare Upgraded as Growth Accelerates and Stablecoin Partnership with Coinbase Emerges

Key Facts

1Cloudflare (NET) received a rating upgrade as revenue growth accelerated above 30% despite reaching a $3B run rate.

Cloudflare (NET) has received a stock rating upgrade following a significant acceleration in revenue growth, which has surpassed 30% even as the company reaches a $3 billion annual run rate. A key driver of this performance is the 55% year-over-year growth in enterprise customers spending over $1 million, highlighting the company's successful expansion into the high-end market. Furthermore, Cloudflare is reportedly partnering with Coinbase to launch 'NET Dollar,' a stablecoin designed to facilitate payments for AI agents. This strategic move aims to leverage Cloudflare's massive network infrastructure to provide a payment layer for the burgeoning AI economy. With a total addressable market estimated at $196 billion and strong financial metrics, analysts view the company's trajectory as increasingly positive. The combination of cybersecurity dominance and new fintech utility positions Cloudflare for continued market leadership.