Cloudflare, Inc. (NYSE:NET) Receives $320.19 Average Target Price from Analysts

Cloudflare, Inc. (NYSE:NET) has earned an average recommendation of “Moderate Buy” from the thirty-three analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $320.1852.

Several analysts recently weighed in on NET shares. Royal Bank Of Canada raised their target price on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Oppenheimer boosted their price objective on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. KeyCorp increased their price objective on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $389.00 target price on shares of Cloudflare in a research report on Friday, August 7th.

Insider Activity

In related news, CEO Matthew Prince sold 33,631 shares of the 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $277.74, for a total transaction of $36,939.42. Following the transaction, the director directly owned 10,632 shares in the company, valued at $2,952,931.68. The trade was a 1.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 748,719 shares of company stock worth $183,992,198 over the last 90 days. 10.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently made changes to their positions in NET. Norges Bank purchased a new stake in Cloudflare during the 4th quarter valued at approximately $718,316,000. Jennison Associates LLC grew its stake 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 purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the period. Swedbank AB increased its holdings in shares of Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares during the period. Finally, National Pension Service raised its stake in shares of Cloudflare by 53.2% during the fourth quarter. National Pension Service now owns 948,003 shares of the company’s stock worth $186,899,000 after purchasing an additional 329,341 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 4.6%

NET opened at $315.63 on Wednesday. Cloudflare has a 12 month low of $158.83 and a 12 month high of $332.22. The stock has a market capitalization of $111.56 billion, a price-to-earnings ratio of -544.19, a PEG ratio of 204.57 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The business has a fifty day moving average price of $261.98 and a 200 day moving average price of $223.72.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.Cloudflare’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts expect that Cloudflare will post 0.03 earnings per share for the current fiscal year.

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.