DZ Bank Upgrades Cloudflare (NYSE:NET) to Hold

Cloudflare (NYSE:NET) was upgraded by equities research analysts at DZ Bank from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $237.00 price objective on the stock. DZ Bank’s price target would indicate a potential upside of 1.85% from the stock’s current price.

NET has been the subject of a number of other reports. UBS Group lifted their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday. Scotiabank lifted their target price on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday. Robert W. Baird set a $220.00 target price on shares of Cloudflare in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Oppenheimer set a $260.00 target price on shares of Cloudflare and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.16.

Cloudflare Stock Performance

NYSE NET opened at $232.68 on Wednesday. Cloudflare has a 52-week low of $86.43 and a 52-week high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $81.09 billion, a P/E ratio of -775.61 and a beta of 2.10. The company has a fifty day moving average of $219.28 and a 200-day moving average of $189.80.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $430.08 million during the quarter, compared to the consensus estimate of $544.87 million. During the same period in the previous year, the firm posted $0.20 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts predict that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the sale, the insider directly owned 14,575 shares in the company, valued at $2,794,173.25. The trade was a 70.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 635,060 shares of company stock worth $132,450,738. 10.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after acquiring an additional 658,656 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after acquiring an additional 270,227 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after acquiring an additional 786,063 shares in the last quarter. American Century Companies Inc. boosted its stake in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares in the last quarter. Finally, Norges Bank bought a new stake in Cloudflare during the second quarter worth about $541,462,000. Institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.