Cloudflare (NYSE:NET) Announces Q4 2026 Earnings Guidance

Cloudflare (NYSE:NET) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.430-0.430 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of $845.0 million-$846.0 million, compared to the consensus revenue estimate of $797.9 million. Cloudflare also updated its FY 2026 guidance to 1.350-1.350 EPS.

Cloudflare Price Performance

Shares of NET stock traded up $26.82 during mid-day trading on Friday, hitting $271.33. 4,786,839 shares of the stock traded hands, compared to its average volume of 4,050,470. Cloudflare has a twelve month low of $158.83 and a twelve month high of $370.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company’s 50-day simple moving average is $319.02 and its 200-day simple moving average is $249.31. The firm has a market cap of $95.91 billion, a price-to-earnings ratio of -469.37, a price-to-earnings-growth ratio of 206.44 and a beta of 1.37.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $782.51 million during the quarter, compared to analyst estimates of $737.16 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, equities research analysts expect that Cloudflare will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

NET has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cloudflare in a research report on Friday. Craig Hallum upgraded shares of Cloudflare to a “buy” rating in a research report on Tuesday. DZ Bank lowered shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Fox Advisors cut shares of Cloudflare to a “neutral” rating in a research note on Tuesday. Finally, Truist Financial boosted their target price on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Twenty-six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $333.75.

Insider Buying and Selling

In other news, CFO Thomas Seifert sold 12,500 shares of the business’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the sale, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00. Following the sale, the director directly owned 878,073 shares of the company’s stock, valued at approximately $274,151,952.06. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 259,057 shares of company stock worth $79,516,905 in the last three months. 10.66% of the stock is currently owned by insiders.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, above the roughly $737 million consensus, while adjusted EPS of $0.38 beat the $0.34 estimate. Cloudflare delivers strong Q3 numbers
• Positive Sentiment: The company raised its fourth-quarter 2026 outlook to EPS of $0.43 and revenue of $845–$846 million, versus consensus estimates of $0.31 and $797.9 million. Its FY 2026 guidance also moved above expectations: EPS of $1.35 versus $1.02 and revenue of about $3.0 billion versus $2.9 billion. Cloudflare raises full-year guidance
• Positive Sentiment: Enterprise momentum adds support to the growth outlook: customers spending more than $100,000 annually increased 25% year over year. Piper Sandler reaffirmed its Overweight rating and raised its price target to $337 from $333.
• Neutral Sentiment: Analyst views were mixed. Needham lowered its price target to $365 while keeping a Buy rating, and Cantor Fitzgerald cut its target to $310 and maintained Neutral.
• Negative Sentiment: Despite the growth and outlook, reports noted that gross margin declined, free cash flow grew more slowly than revenue, and the GAAP operating loss widened—potential concerns about profitability as Cloudflare scales. Cloudflare sales rise, but margins face pressure

About Cloudflare

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.