Cloudflare (NYSE:NET – Get Free Report)‘s stock had its “market outperform” rating restated by investment analysts at Citizens Jmp in a research note issued on Monday,Benzinga reports. They presently have a $394.00 target price on the stock. Citizens Jmp’s price objective indicates a potential upside of 31.47% from the company’s previous close.
NET has been the subject of several other research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 target price on shares of Cloudflare in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Wells Fargo & Company lifted their price target on Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Benchmark cut Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group set a $350.00 target price on Cloudflare in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $320.19.
Check Out Our Latest Stock Report on NET
Cloudflare Stock Down 0.1%
Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. Cloudflare’s revenue for the quarter was up 35.9% on a year-over-year basis. 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 analysts anticipate that Cloudflare will post 0.03 earnings per share for the current fiscal year.
Insider Buying and Selling at Cloudflare
In related news, CAO Janel Riley sold 3,481 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $305.26, for a total transaction of $1,062,610.06. Following the completion of the transaction, the chief accounting officer directly owned 41,547 shares in the company, valued at $12,682,637.22. This represents a 7.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 2,538 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total value of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares in the company, valued at $34,149,143.76. The trade was a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 640,531 shares of company stock worth $168,474,753. Corporate insiders own 10.66% of the company’s stock.
Institutional Trading of Cloudflare
Large investors have recently modified their holdings of the company. HM Payson & Co. bought a new position in Cloudflare in the 4th quarter worth about $25,000. Wiser Advisor Group LLC bought a new stake in Cloudflare during the 3rd quarter valued at $26,000. Cornerstone Financial Management LLC boosted its position in Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after acquiring an additional 47 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Cloudflare during the 2nd quarter worth $30,000. Finally, Wexford Capital LP bought a new position in shares of Cloudflare in the third quarter worth $30,000. Institutional investors and hedge funds own 82.68% of the company’s stock.
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.
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