Kesler Norman & Wride LLC Purchases Shares of 2,443 Cloudflare, Inc. $NET

Kesler Norman & Wride LLC acquired a new position in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,443 shares of the company’s stock, valued at approximately $599,000.

A number of other large investors have also recently made changes to their positions in NET. Norges Bank purchased a new position in shares of Cloudflare during the fourth quarter valued at approximately $718,316,000. Jennison Associates LLC lifted its stake in 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 acquiring an additional 2,530,872 shares during the period. Corient Private Wealth LLC boosted its holdings in 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 acquiring an additional 1,365,598 shares in the last quarter. Swedbank AB boosted its holdings in Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Finally, National Pension Service increased its position in Cloudflare by 53.2% during the 4th quarter. National Pension Service now owns 948,003 shares of the company’s stock valued at $186,899,000 after purchasing an additional 329,341 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $331.45 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $117.16 billion, a P/E ratio of -571.47, a P/E/G ratio of 192.59 and a beta of 1.65. The business has a fifty day simple moving average of $260.67 and a two-hundred day simple moving average of $223.07. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $332.22.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. 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, equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Strong Q2 results and upbeat guidance support the rally. Cloudflare reported revenue of $696.1 million, up 35.9% year over year and above expectations, while non-GAAP EPS of $0.29 exceeded the $0.27 consensus. Next-quarter revenue guidance of approximately $736.5 million was also ahead of analyst estimates. NET Q2 Deep Dive
• Positive Sentiment: AI security and developer-platform demand are strengthening Cloudflare’s growth story. Coverage points to increasing demand for SASE, Zero Trust, agentic AI and developer tools, potentially helping Cloudflare win larger enterprise contracts and compete more directly with Palo Alto Networks and Zscaler. Cloudflare AI security strategy
• Positive Sentiment: Signal selected Cloudflare as an independent Key Transparency auditor. The partnership gives hundreds of millions of Signal users additional confidence in message privacy and showcases Cloudflare’s security and trust infrastructure. Signal partnership announcement
• Positive Sentiment: Analyst sentiment remains broadly favorable. Several firms raised price targets, and brokerages maintain a consensus “Moderate Buy” view. Technical coverage also describes strong momentum after the earnings beat. Cloudflare momentum setup
• Neutral Sentiment: Cloudflare raised $2.175 billion through zero-coupon convertible notes due in 2031. The deal adds financial flexibility without cash interest expense, but potential future share conversion could dilute existing shareholders. Cloudflare convertible note offering
• Negative Sentiment: x402 settlement volume has plunged 93% year to date. The decline suggests the late-2025 surge in AI-agent payments may have been driven primarily by testing rather than sustained demand, challenging near-term monetization expectations. x402 settlement volume report
• Negative Sentiment: Valuation and insider selling create downside risks. Cloudflare trades at a demanding valuation while remaining GAAP-unprofitable. Director John Graham-Cumming sold 2,520 shares under a pre-arranged Rule 10b5-1 plan, although he retained nearly 495,000 shares. Cloudflare director stock sale

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Mark J. Hawkins sold 133 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $277.74, for a total value of $36,939.42. Following the sale, the director owned 10,632 shares in the company, valued at approximately $2,952,931.68. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the sale, the director owned 494,909 shares in the company, valued at approximately $150,437,488.73. This trade represents a 0.51% 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 a total of 748,719 shares of company stock valued at $183,992,198 over the last three months. 10.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NET has been the subject of several research reports. Needham & Company LLC upped their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research raised shares of Cloudflare from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. TD Cowen boosted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Mizuho increased their price target on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

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.