Cloudflare beats Q1, but 20% AI-driven layoffs and weak guidance send shares down

were down more than 16% in late trading today after the content delivery network and security company beat fiscal 2026 first-quarter estimates but issued second-quarter revenue guidance that fell short of expectations and announced plans to cut about 20% of its workforce in a restructuring tied to what it called an […] The post Cloudflare beats Q1, but 20% AI-driven layoffs and weak guidance send shares down appeared first on SiliconANGLE .