Cloudflare (NYSE:NET) Given New $380.00 Price Target at Oppenheimer

Cloudflare (NYSE:NET) had its target price boosted by Oppenheimer from $330.00 to $380.00 in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Benchmark lowered Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Truist Financial lifted their price objective on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler restated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Finally, Morgan Stanley increased their target price on shares of Cloudflare from $305.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $311.48.

Cloudflare Trading Up 5.8%

Shares of NET stock opened at $301.00 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. The firm has a market cap of $106.39 billion, a P/E ratio of -518.96, a PEG ratio of 212.72 and a beta of 1.65. The company has a 50 day moving average of $257.02 and a 200-day moving average of $218.84. Cloudflare has a 12-month low of $158.83 and a 12-month high of $324.73.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. Cloudflare’s revenue for the quarter was up 35.9% on a year-over-year basis. Sell-side analysts anticipate that Cloudflare will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In related news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare 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 sale, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This 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. Insiders sold a total of 749,532 shares of company stock valued at $183,882,628 in the last three months. Company insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new stake in shares of Cloudflare during the 4th quarter valued at about $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the third quarter worth about $26,000. Wexford Capital LP bought a new position in shares of Cloudflare in the third quarter worth approximately $30,000. CX Institutional increased its position in shares of Cloudflare by 49.4% in the second 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, Cape Investment Advisory Inc. purchased a new stake in Cloudflare in the second quarter valued at approximately $33,000. 82.68% of the stock is currently owned by institutional investors.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

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.