Cloudflare (NYSE:NET) Releases FY 2026 Earnings Guidance

Cloudflare (NYSE:NET) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.350-1.350 for the period, compared to the consensus EPS estimate of 1.020. The company issued revenue guidance of $3.0 billion, compared to the consensus revenue estimate of $2.9 billion. Cloudflare also updated its Q4 2026 guidance to 0.430-0.430 EPS.

Cloudflare Stock Up 10.1%

NET stock opened at $269.20 on Friday. Cloudflare has a 12 month low of $158.83 and a 12 month high of $370.35. The firm has a 50 day simple moving average of $318.23 and a 200 day simple moving average of $249.77. The firm has a market cap of $95.15 billion, a PE ratio of -395.88, a P/E/G ratio of 208.12 and a beta of 1.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $782.51 million during the quarter, compared to analyst estimates of $737.16 million. Cloudflare had a negative return on equity of 5.98% and a negative net margin of 8.75%. The company’s revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Equities research analysts forecast that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NET has been the subject of a number of recent analyst reports. Oppenheimer started coverage on Cloudflare in a research report on Tuesday. They issued an “outperform” rating for the company. TD Cowen downgraded Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Mizuho upped their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $394.00 target price on shares of Cloudflare in a report on Monday, August 31st. Twenty-six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $332.82.

Insider Activity

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the completion of the sale, the director owned 868,073 shares of the company’s stock, valued at $264,241,421.20. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 12,500 shares of the business’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the completion of the sale, the chief financial officer owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 259,057 shares of company stock worth $79,516,905 in the last three months. 10.66% of the stock is owned by insiders.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Cloudflare Company Profile

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.