Cloudflare (NYSE:NET) Price Target Raised to $330.00

Cloudflare (NYSE:NET) had its target price raised by Citizens Jmp from $270.00 to $330.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other equities research analysts have also issued reports on NET. UBS Group increased their target price on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 target price on shares of Cloudflare in a report on Thursday, July 16th. Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.59.

Cloudflare Stock Down 1.3%

NET stock opened at $268.86 on Monday. The stock has a market capitalization of $95.04 billion, a PE ratio of -1,075.46, a price-to-earnings-growth ratio of 277.55 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $241.16 and a 200 day moving average of $211.56. Cloudflare has a 52 week low of $158.83 and a 52 week high of $291.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts forecast that Cloudflare will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark J. Hawkins sold 133 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the completion of the sale, the director owned 10,765 shares of the company’s stock, valued at $2,680,485. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing 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 firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $623,145.60. Following the sale, the director owned 494,909 shares of the company’s stock, valued at $122,381,097.52. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 564,903 shares of company stock worth $127,356,194. 10.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after buying an additional 1,365,598 shares during the period. Swedbank AB raised its holdings in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after buying an additional 811,297 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.