Wells Fargo & Company Issues Positive Forecast for Cloudflare (NYSE:NET) Stock Price

Cloudflare (NYSE:NET) had its target price lifted by Wells Fargo & Company from $265.00 to $270.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

NET has been the topic of a number of other reports. Piper Sandler lifted their target price on Cloudflare from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday. Jefferies Financial Group boosted their price objective on Cloudflare from $185.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday. Guggenheim raised their target price on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.21.

Cloudflare Price Performance

Shares of NYSE:NET traded up $0.83 during trading hours on Wednesday, hitting $190.24. 1,824,071 shares of the company’s stock traded hands, compared to its average volume of 5,064,864. The company’s fifty day simple moving average is $190.74 and its two-hundred day simple moving average is $204.92. The company has a market cap of $66.64 billion, a price-to-earnings ratio of -659.53, a price-to-earnings-growth ratio of 156.00 and a beta of 1.97. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare has a 52 week low of $89.42 and a 52 week high of $260.00.

Cloudflare (NYSE:NET) last released its earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.40%. The business had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. During the same period in the previous year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, equities analysts anticipate that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the completion of the sale, the chief financial officer owned 137,486 shares in the company, valued at $26,697,031.48. This represents a 23.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider owned 24,555 shares in the company, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 633,347 shares of company stock worth $124,873,834. 10.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cloudflare

Several hedge funds have recently bought and sold shares of the business. Reliant Investment Partners LLC boosted its stake in shares of Cloudflare by 1.5% during the 3rd quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after acquiring an additional 50 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after purchasing an additional 51 shares during the period. Huntington National Bank grew its holdings in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after purchasing an additional 52 shares during the last quarter. Finally, Fiduciary Planning LLC grew its holdings in Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock valued at $363,000 after purchasing an additional 54 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 results beat expectations: revenue $614.5M (+33.6% YoY) and EPS $0.28, with management highlighting record new ACV and accelerating RPO metrics — supports higher revenue growth trajectory. Business Wire: Q4 results
• Positive Sentiment: Company raised FY‑2026 revenue outlook (~$2.795B) and guided above Street estimates for near term, reducing short‑term downside risk to top‑line expectations. Reuters: Guidance and AI demand
• Positive Sentiment: AI-agent tailwind: management and multiple outlets point to rising agentic traffic (e.g., Moltbot) boosting demand for Cloudflare’s networking and security stack — a structural growth catalyst for recurring revenue. CNBC: AI agent wave
• Positive Sentiment: Analyst upgrades and target hikes (including Robert W. Baird upgrade to Outperform, PT $260; Wells Fargo and Barclays raising targets) add momentum and give investors explicit upside scenarios. Zacks: Baird upgrade
• Neutral Sentiment: Valuation/catch‑up coverage: several outlets ran “valuation check” pieces after the earnings/guidance beat — useful context for investors weighing higher multiples vs. faster growth. Yahoo: Valuation check
• Neutral Sentiment: Analyst reactions are mixed: some firms maintained neutral ratings or trimmed targets (Cantor Fitzgerald $224 neutral; Needham trimmed PT but kept buy), showing divergence on pacing and margins. StreetInsider: Cantor Fitzgerald
• Negative Sentiment: Insider selling: a director sold 2,520 shares (small vs. holdings) — a possible near‑term psychological headwind for some investors. SEC: Form 4
• Negative Sentiment: Institutional trimming: at least one fund (Alfreton Capital) materially reduced its position, indicating some profit‑taking after recent run‑up. DefenseWorld: Alfreton selling

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.