Royal Bank Of Canada Forecasts Strong Price Appreciation for Cloudflare (NYSE:NET) Stock

Cloudflare (NYSE:NET) had its price target increased by equities researchers at Royal Bank Of Canada from $250.00 to $265.00 in a research report issued on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 4.63% from the company’s current price.

Several other equities research analysts have also commented on the company. Robert W. Baird set a $220.00 price objective on Cloudflare in a research note on Friday. Needham & Company LLC boosted their price target on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their price target on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Bank of America upped their target price on shares of Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.16.

Cloudflare Price Performance

Shares of NYSE NET opened at $253.29 on Friday. The firm has a market cap of $88.26 billion, a PE ratio of -844.28 and a beta of 1.99. The firm has a fifty day moving average of $217.57 and a 200 day moving average of $187.38. 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 has a one year low of $85.60 and a one year high of $254.30.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.69%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, research analysts predict that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the completion of the sale, the insider directly owned 14,575 shares in the company, valued at approximately $3,139,163.50. This trade represents a 63.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $211.81, for a total transaction of $2,118,100.00. Following the sale, the chief financial officer owned 189,517 shares of the company’s stock, valued at approximately $40,141,595.77. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 631,540 shares of company stock worth $131,564,497 over the last quarter. Corporate insiders own 10.89% of the company’s stock.

Institutional Trading of Cloudflare

Several hedge funds have recently made changes to their positions in the company. Reliant Investment Partners LLC grew its stake in shares of Cloudflare by 1.5% in the 3rd quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock valued at $718,000 after buying an additional 50 shares during the period. Daymark Wealth Partners LLC grew its position in Cloudflare by 1.1% in the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after acquiring an additional 51 shares during the period. Huntington National Bank grew its position in Cloudflare by 22.8% in the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after acquiring an additional 52 shares during the period. ORG Partners LLC grew its holdings in shares of Cloudflare by 11.9% during the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after purchasing an additional 53 shares during the period. Finally, Fiduciary Planning LLC grew its holdings in shares of Cloudflare by 3.0% during the 2nd quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after purchasing an additional 54 shares during the period. Hedge funds and other 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.