Cloudflare (NYSE:NET) Given “Buy” Rating at BTIG Research

BTIG Research reissued their buy rating on shares of Cloudflare (NYSE:NET) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $243.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $220.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Wells Fargo & Company raised their price objective on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Susquehanna set a $190.00 target price on Cloudflare in a research report on Thursday, February 12th. Scotiabank decreased their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada raised their price objective on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average price target of $233.12.

Cloudflare Stock Performance

NET stock opened at $196.56 on Friday. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of -786.22 and a beta of 1.67. The firm has a 50-day simple moving average of $204.88 and a two-hundred day simple moving average of $200.83. Cloudflare has a one year low of $130.20 and a one year 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 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.84%. The business had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly 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 analysts forecast that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $211.62, for a total transaction of $28,145.46. Following the completion of the sale, the director directly owned 10,189 shares of the company’s stock, valued at approximately $2,156,196.18. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $197.98, for a total value of $1,979,800.00. Following the completion of the transaction, the chief financial officer directly owned 221,681 shares of the company’s stock, valued at approximately $43,888,404.38. This represents a 4.32% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 638,766 shares of company stock worth $125,757,221. 10.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Cloudflare

A number of large investors have recently made changes to their positions in the company. Pacific Sun Financial Corp purchased a new stake in shares of Cloudflare during the first quarter worth approximately $206,000. PNC Financial Services Group Inc. boosted its holdings in Cloudflare by 20.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,281 shares of the company’s stock valued at $2,947,000 after purchasing an additional 2,412 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Cloudflare in the first quarter valued at approximately $1,911,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cloudflare in the first quarter valued at approximately $53,000. Finally, Florida Financial Advisors LLC boosted its holdings in shares of Cloudflare by 22.4% in the first quarter. Florida Financial Advisors LLC now owns 5,611 shares of the company’s stock valued at $1,158,000 after acquiring an additional 1,025 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported first-quarter EPS of $0.25 and revenue of about $639.8 million, both above Wall Street expectations, with revenue up 33.5% year over year. Article Title
• Positive Sentiment: The company lifted its full-year 2026 outlook, signaling continued confidence in longer-term demand despite the post-earnings drop. Article Title
• Neutral Sentiment: Piper Sandler raised its price target to $250 and kept an Overweight rating, suggesting some analysts still see upside after the pullback. Article Title
• Neutral Sentiment: Cloudflare also highlighted AI as a major long-term growth driver and said it is shifting toward an AI-first operating model, which could improve efficiency over time. Article Title
• Negative Sentiment: The company said it will cut about 1,100 jobs, or roughly 20% of its workforce, as it restructures around AI, raising concerns about disruption and execution risk. Article Title
• Negative Sentiment: Investors were disappointed that Cloudflare’s near-term revenue guidance came in just below expectations, fueling fears that growth may slow as AI infrastructure costs pressure margins. Article Title

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.