Cloudflare, Inc. (NYSE:NET) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cloudflare, Inc. (NYSE:NET) have been assigned a consensus rating of “Moderate Buy” from the thirty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $320.1852.

Several research firms recently issued reports on NET. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating and issued a $370.00 price target on shares of Cloudflare in a research note on Friday, August 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a research report on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, KeyCorp raised their target price on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 7th.

Cloudflare Stock Down 0.9%

Shares of NET stock opened at $311.44 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare has a 1 year low of $158.83 and a 1 year high of $332.22. The firm’s fifty day moving average price is $284.64 and its two-hundred day moving average price is $238.46. The firm has a market capitalization of $110.09 billion, a P/E ratio of -536.97, a PEG ratio of 256.82 and a beta of 1.66.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’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. On average, equities analysts predict that Cloudflare will post 0.03 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In other news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $303.97, for a total value of $766,004.40. Following the sale, the director directly owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares of the company’s stock, valued at $34,149,143.76. This trade represents a 2.21% 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. Over the last quarter, insiders have sold 706,244 shares of company stock valued at $186,761,866. 10.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors have recently bought and sold shares of NET. California State Teachers Retirement System lifted its position in Cloudflare by 24,491.6% during the second quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company’s stock worth $28,099,815,000 after acquiring an additional 114,096,335 shares during the last quarter. Norges Bank acquired a new position in shares of Cloudflare in the fourth quarter valued at approximately $718,316,000. Jennison Associates LLC grew its position in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the period. Finally, Swedbank AB increased its stake in shares of Cloudflare by 697.5% during the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s large-customer momentum remains a key growth driver. Rising customer spending, strong retention and increased adoption of multiple products are supporting revenue expansion and could improve the company’s ability to monetize its platform. Can Large-Customer Gains Remain a Key Driver of NET’s Revenue Growth?
• Positive Sentiment: Investor enthusiasm was fueled by Cloudflare’s reported AI-security collaboration with OpenAI, which is viewed as marquee validation of the company’s positioning in agentic AI and cybersecurity. The service reportedly integrates OpenAI’s cyber models with Cloudflare’s infrastructure. Cloudflare Surges on OpenAI Security Partnership
• Positive Sentiment: At the Goldman Sachs Communacopia conference, management offered an upbeat outlook, saying Cloudflare’s potential opportunity could be “much larger” than its current business. Continued demand tied to AI agents and digital security is reinforcing the bullish narrative. Cloudflare Soars on Upbeat Outlook
• Neutral Sentiment: The recent rally has left Cloudflare trading near its 52-week high, with a market capitalization above $110 billion and a very elevated valuation. Analysts remain broadly positive, including price targets above the current level, but the stock is increasingly sensitive to any slowdown in growth or weaker AI-related execution. Cloudflare Stock Analysis
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal deteriorating fundamentals, the reduction in her direct holdings adds a modest sentiment headwind after the stock’s rapid advance. Cloudflare Insider Selling

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.