Cloudflare (NYSE:NET) Price Target Raised to $322.00

Cloudflare (NYSE:NET) had its target price hoisted by research analysts at Morgan Stanley from $305.00 to $322.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 14.80% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Susquehanna increased their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Mizuho boosted their target price on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $290.00 price objective on shares of Cloudflare in a research note on Thursday. Finally, BTIG Research increased their target price on Cloudflare from $269.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $253.41.

Cloudflare Price Performance

Shares of NET stock traded up $8.02 during trading hours on Friday, hitting $280.48. The company had a trading volume of 1,504,910 shares, compared to its average volume of 4,394,558. Cloudflare has a 12 month low of $158.83 and a 12 month high of $291.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm’s fifty day moving average is $234.74 and its 200 day moving average is $209.47. The firm has a market capitalization of $99.14 billion, a price-to-earnings ratio of -1,118.64, a PEG ratio of 278.29 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, sell-side analysts predict that Cloudflare will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the transaction, the insider owned 47,425 shares in the company, valued at $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 616,185 shares of company stock worth $137,831,055 in the last ninety days. 10.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cloudflare

Several institutional investors have recently modified their holdings of NET. CX Institutional raised its holdings in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Quadrant Private Wealth Management LLC grew its position in shares of Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after acquiring an additional 51 shares during the period. Essential Partners LLC raised its holdings in shares of Cloudflare by 14.5% in the 1st quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after purchasing an additional 51 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after purchasing an additional 52 shares during the last quarter. Finally, Revisor Wealth Management LLC grew its holdings in Cloudflare by 4.0% during the first quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock worth $287,000 after purchasing an additional 53 shares during the period. Institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.