Cloudflare (NYSE:NET) Given New $394.00 Price Target at Citizens Jmp

Cloudflare (NYSE:NET) had its price target boosted by Citizens Jmp from $330.00 to $394.00 in a research report report published on Friday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other research firms also recently commented on NET. Jefferies Financial Group set a $350.00 target price on Cloudflare in a report on Friday. Barclays upped their price target on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. UBS Group lifted their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $311.48.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $301.00 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. Cloudflare has a 1 year low of $158.83 and a 1 year high of $324.73. The firm’s 50-day simple moving average is $257.02 and its 200-day simple moving average is $218.84. The firm has a market cap of $106.39 billion, a PE ratio of -518.96, a price-to-earnings-growth ratio of 212.72 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Equities analysts forecast that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the transaction, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This trade represents a 32.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 749,532 shares of company stock worth $183,882,628 in the last 90 days. 10.66% of the stock is currently owned by company insiders.

Institutional Trading of Cloudflare

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares during the period. Geode Capital Management LLC increased its stake in shares of Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC increased its stake in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the period. First Trust Advisors LP raised its holdings in shares of Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after buying an additional 49,485 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

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.