Cloudflare, Inc. (NYSE:NET) Receives $253.41 Consensus PT from Analysts

Shares of Cloudflare, Inc. (NYSE:NET) have received an average recommendation of “Moderate Buy” from the thirty-four research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, twenty-two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $261.1852.

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a research note on Monday. New Street Research reiterated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Susquehanna boosted their target price on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group downgraded Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th.

Insider Activity

In other news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. 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 sold a total of 564,903 shares of company stock valued at $127,356,194 in the last quarter. Company insiders own 10.66% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

Large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Cloudflare during the 4th quarter worth $718,316,000. Jennison Associates LLC grew its stake in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares in the last quarter. Swedbank AB increased its holdings in Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after buying an additional 811,297 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Trading Up 0.2%

Shares of NET stock opened at $262.72 on Friday. 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 stock has a market capitalization of $92.86 billion, a P/E ratio of -1,050.87, a price-to-earnings-growth ratio of 267.36 and a beta of 1.67. The company has a 50 day moving average price of $243.73 and a 200 day moving average price of $212.38. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $291.00.

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

Cloudflare Company Profile

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.