Cloudflare, Inc. (NYSE:NET) Receives $196.54 Consensus PT from Brokerages

Shares of Cloudflare, Inc. (NYSE:NET) have earned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $196.5417.

NET has been the topic of several research analyst reports. KeyCorp increased their price objective on Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Needham & Company LLC increased their price objective on Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley increased their price objective on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Piper Sandler increased their price objective on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company increased their price objective on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st.

Cloudflare Trading Down 0.7%

NET opened at $209.94 on Thursday. The stock has a market cap of $73.16 billion, a price-to-earnings ratio of -617.47 and a beta of 1.99. The stock’s 50 day moving average price is $212.65 and its 200-day moving average price is $178.63. Cloudflare has a one year low of $85.60 and a one year high of $230.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million for the quarter, compared to analysts’ expectations of $501.58 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Cloudflare’s revenue was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities analysts forecast that Cloudflare will post -0.11 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the sale, the insider owned 14,575 shares of the company’s stock, valued at approximately $3,139,163.50. This trade represents a 63.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $221.36, for a total value of $557,827.20. Following the sale, the director directly owned 495,191 shares in the company, valued at $109,615,479.76. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 729,540 shares of company stock worth $150,883,922. 10.89% of the stock is currently owned by company insiders.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Cloudflare by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after acquiring an additional 658,656 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Cloudflare by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after purchasing an additional 270,227 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cloudflare in the 2nd quarter worth $541,462,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.