Cloudflare (NYSE:NET) Sets New 12-Month High – Here’s Why

Cloudflare, Inc. (NYSE:NET)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $338.00 and last traded at $328.5670, with a volume of 4545834 shares trading hands. The stock had previously closed at $323.60.

Wall Street Analyst Weigh In

NET has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their price target on shares of Cloudflare from $164.00 to $181.00 and gave the stock a “market perform” rating in a research note on Thursday. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a research report on Monday, August 3rd. Jefferies Financial Group set a $350.00 price target on Cloudflare in a research note on Friday, August 7th. Wells Fargo & Company raised their price target on Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Cloudflare from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $321.85.

Cloudflare Trading Up 4.5%

The company’s fifty day simple moving average is $292.04 and its two-hundred day simple moving average is $244.97. 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 market capitalization of $119.55 billion, a price-to-earnings ratio of -579.39, a price-to-earnings-growth ratio of 257.37 and a beta of 1.66.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other Cloudflare news, CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction that occurred 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 owned 41,547 shares of the company’s stock, valued at approximately $12,682,637.22. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This represents a 32.11% 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. In the last ninety days, insiders sold 595,058 shares of company stock worth $162,397,435. Corporate insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently modified their holdings of NET. CX Institutional increased its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Wealth Architects LLC lifted its stake in Cloudflare by 4.6% in the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after acquiring an additional 45 shares during the last quarter. Cornerstone Financial Management LLC lifted its stake in Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. Forum Financial Management LP grew its position in shares of Cloudflare by 3.5% in the 2nd quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock valued at $367,000 after acquiring an additional 50 shares during the period. Finally, Quadrant Private Wealth Management LLC grew its position in shares of Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.