Cloudflare (NYSE:NET) Price Target Raised to $300.00

Cloudflare (NYSE:NET) had its price objective hoisted by analysts at Wells Fargo & Company from $270.00 to $300.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 7.98% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. New Street Research reaffirmed a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. TD Cowen increased their price objective on Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Morgan Stanley increased their target price on shares of Cloudflare from $305.00 to $322.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.52.

Cloudflare Stock Performance

NYSE NET opened at $277.84 on Monday. The firm has a market cap of $98.21 billion, a P/E ratio of -1,111.37, a P/E/G ratio of 283.00 and a beta of 1.67. Cloudflare has a 52-week low of $158.83 and a 52-week high of $291.00. The business’s 50-day moving average price is $236.36 and its 200 day moving average price is $210.01. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. 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, equities research analysts expect that Cloudflare will post 0.02 earnings per share for the current year.

Insider Activity

In related news, Director Mark J. Hawkins sold 133 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total transaction of $33,117.00. Following the completion of the sale, the director owned 10,765 shares in the company, valued at approximately $2,680,485. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the transaction, the director owned 494,909 shares in the company, valued at approximately $122,381,097.52. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 590,544 shares of company stock worth $132,719,009 in the last quarter. 10.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the third quarter worth $26,000. HM Payson & Co. acquired a new stake in Cloudflare in the 4th quarter worth about $25,000. CX Institutional grew its holdings in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the period. Wexford Capital LP purchased a new stake in Cloudflare in the 3rd quarter valued at about $30,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

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.