Cloudflare (NYSE:NET) Issues Q4 2026 Earnings Guidance

Cloudflare (NYSE:NET) issued an update on its fourth quarter 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.430-0.430 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of $845.0 million-$846.0 million, compared to the consensus revenue estimate of $797.9 million. Cloudflare also updated its FY 2026 guidance to 1.350-1.350 EPS.

Wall Street Analyst Weigh In

NET has been the topic of a number of recent analyst reports. Oppenheimer started coverage on Cloudflare in a report on Tuesday. They set an “outperform” rating on the stock. Raymond James Financial downgraded Cloudflare from a “strong-buy” rating to an “underperform” rating in a report on Tuesday. Needham & Company LLC decreased their price objective on shares of Cloudflare from $380.00 to $365.00 and set a “buy” rating on the stock in a report on Friday. TD Cowen lowered shares of Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wolfe Research raised shares of Cloudflare from a “hold” rating to an “outperform” rating in a research report on Friday. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $332.82.

Cloudflare Stock Up 10.1%

NET stock opened at $269.20 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $95.15 billion, a price-to-earnings ratio of -395.88, a PEG ratio of 208.12 and a beta of 1.37. The business’s fifty day moving average price is $318.23 and its two-hundred day moving average price is $249.77. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Cloudflare had a negative net margin of 8.75% and a negative return on equity of 5.98%. The company had revenue of $782.51 million during the quarter, compared to analysts’ expectations of $737.16 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. Cloudflare’s quarterly revenue was up 39.2% on a year-over-year basis. On average, equities analysts anticipate that Cloudflare will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the completion of the sale, the director owned 868,073 shares of the company’s stock, valued at $264,241,421.20. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 12,500 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $299.59, for a total value of $3,744,875.00. Following the sale, the chief financial officer directly owned 104,958 shares in the company, valued at $31,444,367.22. This represents a 10.64% 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 sold 259,057 shares of company stock worth $79,516,905 in the last quarter. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

About Cloudflare

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.