Cloudflare (NYSE:NET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cloudflare (NYSE:NET) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently commented on NET. Guggenheim upped their price target on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Cloudflare from $265.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Scotiabank boosted their price objective on shares of Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a research note on Friday, August 7th. Finally, BTIG Research increased their target price on shares of Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Trading Up 2.2%

Shares of NYSE NET opened at $306.30 on Friday. The company’s 50 day simple moving average is $276.18 and its 200 day simple moving average is $232.91. 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 has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The firm has a market capitalization of $108.27 billion, a P/E ratio of -528.10, a P/E/G ratio of 184.12 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings results 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 company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, analysts predict that Cloudflare will post 0.03 EPS for the current year.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $307.32, for a total value of $3,073,200.00. Following the completion of the transaction, the chief financial officer directly owned 110,846 shares in the company, valued at approximately $34,065,192.72. The trade was a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $303.97, for a total value of $766,004.40. Following the sale, the director directly owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. The trade was a 0.51% 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 have sold a total of 640,531 shares of company stock valued at $168,474,753 over the last 90 days. Insiders own 10.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in shares of Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares during the period. Sivia Capital Partners LLC acquired a new position in Cloudflare in the 2nd quarter worth $424,000. Cerity Partners LLC boosted its stake in Cloudflare by 30.1% in the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares during the period. Sei Investments Co. increased its holdings in Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after purchasing an additional 2,093 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.