Cloudflare (NYSE:NET) Price Target Raised to $394.00

Cloudflare (NYSE:NET) had its target price lifted by stock analysts at Citizens Jmp from $330.00 to $394.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 29.38% from the company’s previous close.

NET has been the subject of several other reports. Piper Sandler restated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. BTIG Research upped their target price on Cloudflare from $314.00 to $382.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp raised their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial raised their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $296.59.

Cloudflare Stock Performance

Shares of NYSE NET traded up $20.09 during mid-day trading on Friday, hitting $304.52. The stock had a trading volume of 4,220,521 shares, compared to its average volume of 4,303,498. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a 50 day moving average of $255.83 and a two-hundred day moving average of $218.26. Cloudflare has a twelve month low of $158.83 and a twelve month high of $324.73. The firm has a market cap of $107.64 billion, a PE ratio of -1,212.77, a PEG ratio of 219.10 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Research analysts predict that Cloudflare will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $281.98, for a total transaction of $1,409,900.00. Following the completion of the transaction, the director directly owned 883,073 shares of the company’s stock, valued at $249,008,924.54. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $296.10, for a total transaction of $9,958,139.10. 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 quarter, insiders have sold 749,532 shares of company stock worth $183,882,628. 10.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NET. HM Payson & Co. acquired a new stake in shares of Cloudflare during the 4th quarter valued at about $25,000. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter worth about $26,000. Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter worth about $30,000. CX Institutional boosted its position in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in Cloudflare in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare exceeded expectations on both revenue and earnings. Second-quarter revenue rose 35.9% year over year to $696.1 million, above the roughly $664.7 million consensus, while adjusted EPS of $0.29 topped estimates of $0.27. Cloudflare Stock Pops After Strong Q2 Results
• Positive Sentiment: Management raised its outlook above Wall Street forecasts. Full-year 2026 revenue guidance increased to approximately $2.864 billion-$2.870 billion, from $2.805 billion-$2.813 billion previously, while EPS guidance rose to $1.25-$1.26 versus consensus of $0.96. Third-quarter revenue and EPS guidance also exceeded estimates. Cloudflare raises annual outlook
• Positive Sentiment: AI-related demand is strengthening the growth narrative. Cloudflare said Workers, large-customer additions and rising traffic from agentic AI are supporting momentum. New products, including an AEO Visibility Dashboard, Identity-Aware AI Gateway and Cloudflare OS, could expand its enterprise security and AI-platform opportunities. NET Q2 Earnings Call Highlights
• Positive Sentiment: Analysts raised price targets following the results. BTIG, Needham and Oppenheimer lifted their targets to $382, $380 and $380, respectively, and maintained buy or outperform ratings. Truist also raised its target to $350 and retained a buy rating. Cloudflare analyst price-target changes
• Neutral Sentiment: Usage-based revenue can create quarter-to-quarter variability. Management noted that evolving customer usage models may make reported revenue less predictable, even as underlying demand remains strong.
• Negative Sentiment: Valuation and insider selling remain risks. Cloudflare’s roughly $100 billion-plus valuation and still-negative net margin leave limited room for execution missteps. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter recently sold shares under pre-arranged Rule 10b5-1 plans; these sales are not necessarily bearish but may temper sentiment after the rally.

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.