Cloudflare (NYSE:NET – Get Free Report) had its target price dropped by equities researchers at Jefferies Financial Group from $350.00 to $320.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 19.40% from the company’s previous close.
A number of other analysts have also commented on the stock. Mizuho upped their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. DZ Bank downgraded shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Truist Financial boosted their price target on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Needham & Company LLC upped their price target on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Susquehanna raised their price objective on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.59.
Check Out Our Latest Report on Cloudflare
Cloudflare Price Performance
Shares of NET traded down $12.69 during trading hours on Monday, hitting $268.01. 2,882,150 shares of the company were exchanged, compared to its average volume of 4,028,268. The company has a market capitalization of $94.73 billion, a PE ratio of -462.61, a PEG ratio of 223.25 and a beta of 1.65. 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 firm has a fifty day simple moving average of $320.77 and a 200-day simple moving average of $247.79. Cloudflare has a one year low of $158.83 and a one year high of $370.35.
Cloudflare (NYSE:NET – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for 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%. Cloudflare’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. 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, sell-side analysts predict that Cloudflare will post 0.03 earnings per share for the current year.
Insider Transactions at Cloudflare
In other Cloudflare news, CFO Thomas J. Seifert sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares in the company, valued at approximately $31,444,367.22. This represents a 10.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. The trade was a 32.11% 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 sold 423,823 shares of company stock valued at $128,555,938 over the last three months. 10.66% of the stock is owned by corporate insiders.
Institutional Trading of Cloudflare
Several hedge funds and other institutional investors have recently modified their holdings of NET. GK Wealth Management LLC purchased a new position in Cloudflare in the third quarter valued at about $25,000. Toth Financial Advisory Corp purchased a new stake in shares of Cloudflare during the 3rd quarter worth about $36,000. Cornerstone Financial Management LLC lifted its holdings in shares of Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cloudflare during the 2nd quarter valued at about $30,000. Finally, CX Institutional lifted its holdings in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
Cloudflare Company Profile
Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.
The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.
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