Shares of Cloudflare, Inc. (NYSE:NET – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $236.68.
A number of research analysts recently weighed in on NET shares. DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 13th. Citigroup started coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. KeyCorp downgraded shares of Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research report on Friday, May 8th. Finally, Mizuho decreased their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th.
Get Our Latest Stock Analysis on Cloudflare
Cloudflare Stock Up 0.7%
Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.
Insider Buying and Selling
In other news, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $200.61, for a total value of $2,006,100.00. Following the completion of the sale, the chief financial officer directly owned 212,014 shares of the company’s stock, valued at $42,532,128.54. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the sale, the insider directly owned 118,395 shares of the company’s stock, valued at $25,591,079.25. The trade was a 12.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 576,464 shares of company stock valued at $121,021,760. Insiders own 10.89% of the company’s stock.
Institutional Trading of Cloudflare
Several hedge funds and other institutional investors have recently modified their holdings of NET. HM Payson & Co. bought a new stake in shares of Cloudflare during the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. boosted its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC bought a new stake in Cloudflare in the 3rd quarter valued at about $26,000. Westside Investment Management Inc. boosted its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the period. Finally, Wexford Capital LP bought a new stake in Cloudflare in the 3rd quarter valued at about $30,000. Institutional investors own 82.68% of the company’s stock.
Cloudflare Company Profile
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.
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