FY2026 Earnings Forecast for Cloudflare Issued By Scotiabank

Cloudflare, Inc. (NYSE:NET) – Research analysts at Scotiabank decreased their FY2026 EPS estimates for shares of Cloudflare in a research note issued on Wednesday, August 19th. Scotiabank analyst P. Colville now anticipates that the company will post earnings per share of $0.02 for the year, down from their prior estimate of $0.03. Scotiabank currently has a “Outperform” rating and a $390.00 target price on the stock. The consensus estimate for Cloudflare’s current full-year earnings is $0.03 per share. Scotiabank also issued estimates for Cloudflare’s FY2027 earnings at $0.34 EPS.

A number of other brokerages have also recently weighed in on NET. Zacks Research cut Cloudflare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Piper Sandler upped their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Robert W. Baird set a $330.00 target price on Cloudflare in a research report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and issued a $370.00 target price on shares of Cloudflare in a research note on Friday, August 7th. Finally, UBS Group upped their price target on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Stock Performance

Shares of NYSE NET opened at $280.67 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $269.15 and its two-hundred day moving average price is $228.55. Cloudflare has a 52-week low of $158.83 and a 52-week high of $332.22. The stock has a market capitalization of $99.21 billion, a P/E ratio of -483.91, a P/E/G ratio of 180.01 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at approximately $20,557,808.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the stock in a transaction on 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. Over the last three months, insiders sold 656,774 shares of company stock worth $171,985,677. Company insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Large investors have recently bought and sold shares of the stock. CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Wealth Architects LLC increased its stake in shares of Cloudflare by 4.6% during the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after acquiring an additional 45 shares during the period. Forum Financial Management LP increased its stake in shares of Cloudflare by 3.5% during the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock valued at $367,000 after acquiring an additional 50 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after purchasing an additional 51 shares in the last quarter. Finally, Essential Partners LLC raised its holdings in Cloudflare by 14.5% during the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock worth $83,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds 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.