Cloudflare (NYSE:NET) Releases Q2 2026 Earnings Guidance

Cloudflare (NYSE:NET) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.270-0.270 for the period, compared to the consensus EPS estimate of 0.210. The company issued revenue guidance of $664.0 million-$665.0 million, compared to the consensus revenue estimate of $665.3 million. Cloudflare also updated its FY 2026 guidance to 1.190-1.200 EPS.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Barclays lifted their target price on Cloudflare from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Susquehanna set a $190.00 target price on Cloudflare in a research note on Thursday, February 12th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, KeyCorp cut Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $232.62.

Cloudflare Price Performance

NET stock traded up $8.46 during midday trading on Thursday, hitting $257.05. 7,723,962 shares of the stock were exchanged, compared to its average volume of 4,584,134. The stock’s 50-day moving average price is $203.01 and its 200-day moving average price is $200.50. The stock has a market cap of $90.48 billion, a price-to-earnings ratio of -886.35 and a beta of 1.67. Cloudflare has a fifty-two week low of $121.46 and a fifty-two week high of $260.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.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 predict that Cloudflare will post -0.11 earnings per share for the current year.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $173.78, for a total value of $9,103,291.52. Following the completion of the transaction, the chief executive officer directly owned 22,911 shares of the company’s stock, valued at $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $187.39, for a total value of $6,573,641.20. Following the completion of the transaction, the insider directly owned 34,514 shares of the company’s stock, valued at approximately $6,467,578.46. This trade represents a 50.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 638,766 shares of company stock valued at $125,757,221 over the last three months. 10.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors have recently made changes to their positions in NET. HM Payson & Co. acquired a new position in shares of Cloudflare in the fourth quarter worth $25,000. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the third quarter worth $26,000. Wexford Capital LP acquired a new position in shares of Cloudflare in the third quarter worth $30,000. Brown Brothers Harriman & Co. grew its position in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in shares of Cloudflare in the third quarter valued at $45,000. 82.68% of the stock is owned by institutional investors and hedge funds.

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.