Argus Issues Positive Forecast for Cloudflare (NYSE:NET) Stock Price

Cloudflare (NYSE:NET) had its price target lifted by Argus from $238.00 to $265.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on NET. Needham & Company LLC raised their price objective on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Susquehanna increased their target price on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Bank of America boosted their price target on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. KeyCorp upped their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Mizuho raised their target price on shares of Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.35.

Cloudflare Price Performance

NYSE:NET opened at $240.56 on Monday. Cloudflare has a 52 week low of $87.77 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 firm’s 50-day simple moving average is $221.13 and its 200 day simple moving average is $193.23. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of -801.87 and a beta of 2.10.

Cloudflare (NYSE:NET) last announced its earnings results 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 firm had revenue of $430.08 million for the quarter, compared to analyst estimates of $544.87 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’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, sell-side analysts predict that Cloudflare will post -0.11 earnings per share for the current year.

Insider Activity at Cloudflare

In related news, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.65, for a total transaction of $3,159,750.00. Following the completion of the transaction, the director directly owned 998,073 shares in the company, valued at $210,244,077.45. This represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Hawkins sold 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $254.15, for a total transaction of $254,150.00. Following the completion of the transaction, the director directly owned 10,990 shares of the company’s stock, valued at approximately $2,793,108.50. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 638,060 shares of company stock worth $133,217,328 in the last ninety days. Insiders own 10.89% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Cloudflare by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 203,450 shares of the company’s stock worth $22,927,000 after purchasing an additional 2,936 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Cloudflare by 9.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock valued at $297,000 after buying an additional 230 shares during the last quarter. Brown Advisory Inc. boosted its position in Cloudflare by 186.9% during the 1st quarter. Brown Advisory Inc. now owns 6,544 shares of the company’s stock worth $737,000 after buying an additional 4,263 shares during the period. Nisa Investment Advisors LLC grew its holdings in Cloudflare by 2.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,675 shares of the company’s stock worth $1,992,000 after acquiring an additional 400 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Cloudflare by 13.3% in the 1st quarter. Cerity Partners LLC now owns 21,168 shares of the company’s stock valued at $2,385,000 after acquiring an additional 2,489 shares during the period. Institutional investors and hedge funds 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.