Cloudflare (NYSE:NET) Upgraded by DZ Bank to Hold Rating

DZ Bank upgraded shares of Cloudflare (NYSE:NET) from a sell rating to a hold rating in a research report released on Wednesday morning, MarketBeat reports. The brokerage currently has $237.00 target price on the stock.

Several other analysts have also weighed in on the stock. Susquehanna raised their price objective on shares of Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday. Robert W. Baird set a $220.00 price objective on shares of Cloudflare in a report on Friday, October 31st. UBS Group raised their price target on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Guggenheim reissued a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Finally, Stifel Nicolaus raised their price target on shares of Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $234.16.

Cloudflare Stock Performance

NYSE NET opened at $228.65 on Wednesday. The firm has a market cap of $79.68 billion, a price-to-earnings ratio of -762.17 and a beta of 2.10. The company has a 50 day moving average of $219.75 and a 200-day moving average of $190.07. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare has a 1-year low of $87.24 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share 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 6.54%. The company’s revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts forecast that Cloudflare will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at approximately $36,129,520.88. The trade was a 17.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 638,060 shares of company stock valued at $133,217,328. 10.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently bought and sold shares of NET. Norges Bank bought a new position in shares of Cloudflare during the second quarter worth $541,462,000. Groupama Asset Managment bought a new position in shares of Cloudflare during the second quarter worth $225,204,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cloudflare by 33.5% during the first 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. Nuveen LLC bought a new position in shares of Cloudflare during the first quarter worth $88,203,000. Finally, American Century Companies Inc. boosted its position in shares of Cloudflare by 34.5% during the first 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. 82.68% of the stock is owned by institutional investors.

About Cloudflare

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.