Cloudflare’s (NET) Market Outperform Rating Reaffirmed at Citizens Jmp

Cloudflare (NYSE:NET)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a note issued to investors on Monday,Benzinga reports. They presently have a $394.00 target price on the stock. Citizens Jmp’s price target indicates a potential upside of 31.47% from the stock’s previous close.

NET has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Truist Financial increased their target price on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a report on Friday, May 8th. Oppenheimer lifted their price target on shares of Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Barclays upped their price target on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Trading Down 0.1%

Cloudflare stock opened at $299.69 on Monday. Cloudflare has a 12-month low of $158.83 and a 12-month high of $332.22. 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 stock has a market capitalization of $105.93 billion, a PE ratio of -516.71, a price-to-earnings-growth ratio of 184.12 and a beta of 1.65. The firm has a 50 day simple moving average of $274.42 and a 200-day simple moving average of $232.02.

Cloudflare (NYSE:NET) last issued 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 firm had revenue of $696.06 million during 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%.The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company posted $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. As a group, equities research analysts expect that Cloudflare will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $307.32, for a total transaction of $3,073,200.00. Following the transaction, the chief financial officer directly owned 110,846 shares of the company’s stock, valued at approximately $34,065,192.72. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the transaction, the chief accounting officer directly owned 41,547 shares in the company, valued at approximately $12,682,637.22. This trade represents a 7.73% decrease in their position. 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 a total of 640,531 shares of company stock valued at $168,474,753 over the last quarter. 10.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently modified their holdings of NET. HM Payson & Co. acquired a new stake in Cloudflare during the fourth quarter valued at $25,000. Wiser Advisor Group LLC purchased a new position in Cloudflare in the third quarter valued at about $26,000. Cornerstone Financial Management LLC grew its position in Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after buying an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Cloudflare during the second quarter valued at about $30,000. Finally, Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter valued at approximately $30,000. 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.