Cloudflare, Inc. (NYSE:NET) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cloudflare, Inc. (NYSE:NET) has earned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $236.68.

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $245.00 price objective on Cloudflare in a research note on Wednesday, February 11th. BTIG Research reaffirmed a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $224.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Finally, New Street Research set a $140.00 price target on shares of Cloudflare in a report on Wednesday, February 11th.

Cloudflare Stock Up 9.0%

Shares of Cloudflare stock opened at $227.98 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare has a 12 month low of $158.83 and a 12 month high of $260.00. The business has a fifty day simple moving average of $208.24 and a 200 day simple moving average of $198.67. The stock has a market cap of $80.58 billion, a PE ratio of -911.92 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings data 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 business had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly 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.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% 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 585,862 shares of company stock valued at $121,988,011 in the last three months. 10.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently made changes to their positions in NET. Norges Bank acquired a new position in shares of Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC grew its holdings in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares during the period. Corient Private Wealth LLC grew its holdings in shares of 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. Groupama Asset Managment grew its holdings in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after buying an additional 950,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after buying an additional 821,684 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.