Cloudflare, Inc. (NYSE:NET) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cloudflare, Inc. (NYSE:NET) have received a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $241.3462.

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. KeyCorp restated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Susquehanna lifted their price target on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 566,245 shares of company stock valued at $121,338,593 in the last quarter. 10.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP purchased a new position in shares of Cloudflare in the fourth quarter worth $34,626,000. Trek Financial LLC purchased a new position in shares of Cloudflare in the fourth quarter worth $1,793,000. Jupiter Asset Management Ltd. raised its stake in shares of Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Cloudflare in the fourth quarter worth $5,543,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NET stock opened at $237.06 on Tuesday. The firm has a market cap of $83.79 billion, a P/E ratio of -948.24, a P/E/G ratio of 238.93 and a beta of 1.70. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The business’s 50 day moving average price is $222.06 and its 200-day moving average price is $203.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities research analysts anticipate that Cloudflare will post 0.02 earnings per share for the current year.

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.