Mizuho Cuts Cloudflare (NYSE:NET) Price Target to $255.00

Cloudflare (NYSE:NET) had its target price reduced by Mizuho from $280.00 to $255.00 in a report released on Wednesday, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on the company. UBS Group reduced their target price on Cloudflare from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Citizens Jmp raised their price target on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Scotiabank boosted their target price on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target for the company in a report on Wednesday, November 5th. Finally, Susquehanna lifted their target price on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average price target of $232.48.

Cloudflare Trading Up 0.1%

Cloudflare stock opened at $173.45 on Wednesday. The stock has a 50-day moving average price of $195.24 and a 200 day moving average price of $205.77. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock has a market cap of $60.76 billion, a PE ratio of -578.17, a P/E/G ratio of 113.99 and a beta of 1.96. Cloudflare has a 52 week low of $89.42 and a 52 week high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same period last year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts predict that Cloudflare will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $195.32, for a total value of $10,231,642.88. Following the completion of the sale, the chief executive officer owned 22,175 shares of the company’s stock, valued at approximately $4,331,221. The trade was a 70.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider directly owned 24,555 shares in the company, valued at $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 619,213 shares of company stock worth $122,370,244. Insiders own 10.89% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Investment Management Inc. bought a new stake in Cloudflare in the 3rd quarter valued at about $138,660,000. Westfield Capital Management Co. LP purchased a new position in Cloudflare during the second quarter worth about $87,868,000. Swedbank AB increased its position in shares of Cloudflare by 27.7% during the 3rd quarter. Swedbank AB now owns 43,878 shares of the company’s stock valued at $9,416,000 after purchasing an additional 9,527 shares during the last quarter. Strategy Capital LLC lifted its stake in Cloudflare by 4.5% in the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after purchasing an additional 50,374 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in Cloudflare by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock worth $3,476,000 after purchasing an additional 1,691 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

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.