Cloudflare (NYSE:NET) Reaches New 12-Month High – Still a Buy?

Cloudflare, Inc. (NYSE:NET)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $284.63 and last traded at $281.7080, with a volume of 3978713 shares traded. The stock had previously closed at $269.53.

Analysts Set New Price Targets

A number of research analysts have commented on NET shares. Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Citigroup raised Cloudflare from a “market outperform” rating to a “buy” rating in a report on Tuesday, July 7th. Barclays upped their price objective on Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Truist Financial increased their price objective on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.78.

Cloudflare Stock Down 0.0%

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm’s 50-day simple moving average is $234.74 and its two-hundred day simple moving average is $209.47. The company has a market capitalization of $96.48 billion, a price-to-earnings ratio of -1,091.75, a price-to-earnings-growth ratio of 278.29 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This trade represents a 42.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 616,185 shares of company stock valued at $137,831,055. 10.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cloudflare

A number of large investors have recently added to or reduced their stakes in NET. HM Payson & Co. acquired a new position in Cloudflare during the fourth quarter worth about $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in shares of Cloudflare during the 3rd quarter worth approximately $30,000. CX Institutional raised its position in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

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.