Analysts Set Cloudflare, Inc. (NYSE:NET) PT at $253.41

Cloudflare, Inc. (NYSE:NET) has received a consensus recommendation of “Moderate Buy” from the thirty-four analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $256.7407.

Several research analysts have issued reports on NET shares. Barclays raised their target price on Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Truist Financial upped their target price on shares of Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. BTIG Research lifted their target price on Cloudflare from $269.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Benchmark lowered Cloudflare to an “underperform” rating in a report on Tuesday, July 7th.

Cloudflare Stock Down 1.9%

Shares of Cloudflare stock opened at $272.27 on Friday. Cloudflare has a twelve month low of $158.83 and a twelve month high of $291.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $237.94 and its 200 day moving average is $210.52. The company has a market cap of $96.24 billion, a price-to-earnings ratio of -1,089.08, a price-to-earnings-growth ratio of 283.00 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Research analysts anticipate that Cloudflare will post 0.02 EPS for the current year.

Insider Transactions at Cloudflare

In related news, Director Mark J. Hawkins sold 133 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the completion of the transaction, the director owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total value of $623,145.60. Following the sale, the director directly owned 494,909 shares in the company, valued at approximately $122,381,097.52. This represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 590,544 shares of company stock valued at $132,719,009. Company insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Several institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Cloudflare during the 4th quarter valued at about $718,316,000. Jennison Associates LLC increased its holdings 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 worth $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares in the last quarter. Swedbank AB lifted its position in shares of Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after buying an additional 811,297 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

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.