Cloudflare (NYSE:NET) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Cloudflare (NYSE:NET) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently commented on NET. BTIG Research increased their target price on Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. KeyCorp boosted their price target on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Citizens Jmp reissued a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Finally, Scotiabank upped their price target on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Cloudflare Stock Performance

Shares of NET stock opened at $295.48 on Friday. The stock has a market capitalization of $104.44 billion, a price-to-earnings ratio of -509.44, a PEG ratio of 235.66 and a beta of 1.65. Cloudflare has a one year low of $158.83 and a one year high of $370.35. The company’s 50-day simple moving average is $319.50 and its 200-day simple moving average is $264.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Equities analysts anticipate that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Thomas Seifert sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This represents a 32.58% decrease in their position. The sale was disclosed in a 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 33,003 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the sale, the insider owned 69,775 shares in the company, valued at approximately $20,557,808.25. This trade represents a 32.11% 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. In the last three months, insiders sold 458,839 shares of company stock valued at $138,172,392. Company insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GK Wealth Management LLC bought a new position in shares of Cloudflare during the third quarter valued at approximately $25,000. Toth Financial Advisory Corp bought a new stake in shares of Cloudflare in the 3rd quarter worth approximately $36,000. Cornerstone Financial Management LLC lifted its holdings in shares of Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Cloudflare in the 2nd quarter worth approximately $30,000. Finally, CX Institutional boosted its position in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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