In its first-quarter 2026 investor letter, Sands Capital Select Growth Strategy highlighted Cloudflare, Inc. (NYSE:NET) as a notable contributor.
Cloudflare, Inc. (NYSE:NET) is a leading cloud services company that offers a range of services to businesses
On June 9, 2026, Cloudflare, Inc. (NYSE:NET) closed at $236.13 per share. One-month return of Cloudflare, Inc. (NYSE:NET) was 22.59%, and its shares gained 31.40% over the past 52 weeks. Cloudflare, Inc. (NYSE:NET) has a market capitalization of $83.46 billion.
Sands Capital Select Growth Strategy stated the following regarding Cloudflare, Inc. (NYSE:NET) in its Q1 2026 investor letter: “Cloudflare, Inc. (NYSE:NET) is a global cloud platform that improves the security, performance, and reliability of websites and applications. Shares rose during the quarter as investors increasingly viewed the company as a beneficiary of agentic AI, given its position at a key control point for routing and securing machine-to-machine internet traffic. While we do see Cloudflare as a long-term beneficiary of AI broadly and the proliferation of agents specifically, we are more encouraged by improving enterprise sales execution reflected in recent results.