Analysts Set Cloudflare, Inc. (NYSE:NET) Target Price at $320.19

Shares of Cloudflare, Inc. (NYSE:NET) have been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $320.1852.

A number of research analysts have recently commented on NET shares. Wall Street Zen cut shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday. Royal Bank Of Canada boosted their price objective on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Mizuho upped their target price 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. Guggenheim raised their target price on shares of Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a research report on Friday, August 7th. Finally, KeyCorp upped their target price on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 7th.

Cloudflare Trading Up 2.0%

Cloudflare stock opened at $284.53 on Friday. The stock has a market cap of $100.57 billion, a P/E ratio of -490.57, a PEG ratio of 228.00 and a beta of 1.66. The firm’s 50 day moving average price is $281.89 and its 200-day moving average price is $236.66. Cloudflare has a 1 year low of $158.83 and a 1 year high of $332.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

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

Insider Transactions at Cloudflare

In other Cloudflare news, insider Alissa Michelle Starzak sold 2,538 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the transaction, the insider owned 112,082 shares of the company’s stock, valued at approximately $34,149,143.76. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were 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 of the company’s stock, valued at approximately $150,437,488.73. This represents a 0.51% decrease in their position. 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 706,244 shares of company stock valued at $186,761,866 over the last three months. 10.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HM Payson & Co. bought a new stake in shares of Cloudflare in the 4th quarter valued at about $25,000. Wiser Advisor Group LLC bought a new position in shares of Cloudflare during the 3rd quarter worth approximately $26,000. Cornerstone Financial Management LLC lifted its holdings in shares of Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the 2nd quarter worth $30,000. Finally, Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.