Cloudflare (NYSE:NET) Stock Rating Upgraded by Wall Street Zen

Cloudflare (NYSE:NET) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts have also issued reports on NET. The Goldman Sachs Group reiterated a “buy” rating and issued a $389.00 target price on shares of Cloudflare in a report on Friday, August 7th. Susquehanna upped their price target on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Needham & Company LLC increased their price target on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group set a $350.00 price objective on Cloudflare in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Stock Down 2.8%

Cloudflare stock traded down $8.54 during mid-day trading on Friday, reaching $299.69. 2,545,818 shares of the company’s stock were exchanged, compared to its average volume of 4,126,205. The company has a market cap of $105.93 billion, a P/E ratio of -516.71, a P/E/G ratio of 189.27 and a beta of 1.65. Cloudflare has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average of $274.42 and a 200-day moving average of $231.62.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company 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. Sell-side analysts expect that Cloudflare will post 0.03 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the transaction, the chief accounting officer directly owned 41,547 shares of the company’s stock, valued at $12,682,637.22. The trade was a 7.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $307.32, for a total transaction of $3,073,200.00. Following the completion of the sale, the chief financial officer directly owned 110,846 shares of the company’s stock, valued at $34,065,192.72. The trade was a 8.27% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 640,531 shares of company stock valued at $168,474,753. 10.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Cloudflare

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in Cloudflare by 24,491.6% during the 2nd quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company’s stock worth $28,099,815,000 after buying an additional 114,096,335 shares during the last quarter. Geode Capital Management LLC boosted 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 buying an additional 241,981 shares in the last quarter. Jennison Associates LLC grew its holdings in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the period. First Trust Advisors LP raised its position in Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

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.