Cloudflare (NYSE:NET) Reaches New 12-Month High on Analyst Upgrade

Cloudflare, Inc. (NYSE:NET)’s share price reached a new 52-week high on Tuesday after BTIG Research raised their price target on the stock from $382.00 to $413.00. BTIG Research currently has a buy rating on the stock. Cloudflare traded as high as $370.35 and last traded at $367.0080, with a volume of 228908 shares. The stock had previously closed at $359.49.

Several other research firms have also weighed in on NET. Oppenheimer increased their target price on shares of Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Susquehanna boosted their price target on shares of Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Piper Sandler boosted their price target on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Finally, TD Cowen raised their price objective on Cloudflare from $300.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $326.33.

Insiders Place Their Bets

In other news, CFO Thomas Seifert sold 55,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at $34,171,137. This trade represents a 32.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. 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 a total of 458,839 shares of company stock valued at $138,172,392 in the last quarter. 10.66% of the stock is currently owned by insiders.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG raised its price target to $413 from $382 and maintained a Buy rating, citing further upside potential. The upgrade helped push Cloudflare to a new 12-month high. Cloudflare Reaches New 12-Month High Following Analyst Upgrade
• Positive Sentiment: Cloudflare launched Basin, a data platform designed for serverless analytics and AI workloads. Its use of open formats and lack of cross-cloud transfer fees could improve data-management economics and create a potential new growth driver. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: AI-driven internet traffic remains a key bullish theme. Commentary highlighted Cloudflare’s positioning as AI agents increase web traffic, while company data indicated it was the fastest provider across 74% of the top 1,000 networks. Why Cloudflare Stock Is Trading Up
• Neutral Sentiment: Analysts’ average brokerage recommendation is equivalent to Buy, but the article cautions that consistently optimistic ratings may be less useful when evaluating a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is the main concern. Jim Cramer said Cloudflare could benefit from rising AI traffic but expressed reservations about buying at its current valuation. The stock had also risen about 28% over the prior month, increasing the risk of profit-taking. Jim Cramer Loves Cloudflare, but There’s a Catch

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NET. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the 1st 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. Amundi boosted its holdings in shares of Cloudflare by 2.0% in the 1st quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares during the last quarter. Corient Private Wealth LLC grew its stake 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 valued at $275,887,000 after buying an additional 1,365,598 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after buying an additional 206,506 shares in the last quarter. Finally, National Pension Service increased its holdings in Cloudflare by 1.6% during the second quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after buying an additional 15,546 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

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 stock’s fifty day moving average is $313.26 and its two-hundred day moving average is $258.43. The firm has a market capitalization of $120.96 billion, a price-to-earnings ratio of -589.99, a P/E/G ratio of 282.35 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings results 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 firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.