Cloudflare has experienced multiple minor incidents in late September 2026, including an ongoing Asia-Pacific network performance degradation since September 23 tied to subsea cable capacity issues, plus resolved problems with R2 storage, CASB policy sharing, and Workers builds. These follow a major global outage in November 2025 that disrupted core traffic for hours. Trader consensus on another critical incident reflects the company's history of occasional high-impact events amid frequent smaller regional or component-level disruptions, alongside routine maintenance schedules and infrastructure dependencies that can amplify isolated failures. No major scheduled events or systemic changes appear imminent that would immediately shift probabilities.