Citizens Jmp Forecasts Strong Price Appreciation for Cloudflare (NYSE:NET) Stock

Cloudflare (NYSE:NET) had its target price hoisted by equities researchers at Citizens Jmp from $270.00 to $330.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective suggests a potential upside of 17.92% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Friday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. New Street Research reiterated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. TD Cowen increased their price objective on shares of Cloudflare from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Scotiabank upgraded shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $225.00 to $300.00 in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

Cloudflare Stock Up 0.8%

NET traded up $2.19 on Monday, hitting $279.85. 585,054 shares of the company were exchanged, compared to its average volume of 4,374,417. Cloudflare has a twelve month low of $158.83 and a twelve month high of $291.00. The company has a market cap of $98.92 billion, a price-to-earnings ratio of -1,113.75, a price-to-earnings-growth ratio of 283.00 and a beta of 1.67. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $236.36 and a two-hundred day moving average price of $210.01.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities analysts predict that Cloudflare will post 0.02 earnings per share for the current year.

Insider Activity

In related news, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the sale, the director owned 494,909 shares in the company, valued at $122,381,097.52. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 25,641 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $219.11, for a total value of $5,618,199.51. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $10,391,291.75. This trade represents a 35.09% decrease in their ownership of the stock. 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. Insiders have sold 590,544 shares of company stock valued at $132,719,009 over the last 90 days. Insiders own 10.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Lingotto Investment Management LLP acquired a new position in shares of Cloudflare during the 4th quarter valued at about $34,626,000. Trek Financial LLC acquired a new stake in shares of Cloudflare in the fourth quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. boosted its position in shares of Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after acquiring an additional 188,226 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares during the period. Institutional investors and hedge funds 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.