Cloudflare (NYSE:NET) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Cloudflare (NYSE:NET) in a report issued on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $235.00 price objective on the stock.

Several other research analysts have also issued reports on the company. Cantor Fitzgerald increased their target price on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a report on Wednesday, November 5th. Royal Bank Of Canada raised their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Scotiabank increased their price target on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Finally, Argus lifted their price target on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.33.

Cloudflare Trading Up 1.4%

NYSE:NET opened at $204.06 on Tuesday. The company has a 50-day moving average price of $215.60 and a 200-day moving average price of $201.20. The stock has a market cap of $71.48 billion, a price-to-earnings ratio of -680.19 and a beta of 1.94. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare has a 12 month low of $89.42 and a 12 month high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. Cloudflare’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts predict that Cloudflare will post -0.11 EPS for the current year.

Insider Buying and Selling

In other news, Director Katrin Suder sold 2,031 shares of Cloudflare stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $196.38, for a total value of $398,847.78. Following the completion of the sale, the director directly owned 39,754 shares in the company, valued at $7,806,890.52. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark J. Hawkins sold 134 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $197.65, for a total transaction of $26,485.10. Following the transaction, the director owned 10,856 shares in the company, valued at approximately $2,145,688.40. This trade represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 638,528 shares of company stock worth $133,985,858 in the last three months. 10.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Hedge funds have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. grew its holdings in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in Cloudflare in the third quarter valued at about $26,000. Westside Investment Management Inc. boosted its position in Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cloudflare during the 2nd quarter valued at about $29,000. Finally, ORG Wealth Partners LLC increased its position in shares of Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.