Cloudflare, Inc. (NYSE:NET) Receives $234.78 Average Target Price from Brokerages

Cloudflare, Inc. (NYSE:NET) has been assigned an average recommendation of “Moderate Buy” from the thirty-one brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $234.7778.

A number of analysts have issued reports on the stock. Guggenheim reiterated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a report on Wednesday, November 5th. Susquehanna increased their target price on shares of Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Oppenheimer assumed coverage on shares of Cloudflare in a research report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target for the company. Finally, Cantor Fitzgerald boosted their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st.

Cloudflare Stock Down 1.2%

NYSE:NET opened at $197.31 on Tuesday. Cloudflare has a 52 week low of $89.42 and a 52 week high of $260.00. The stock’s fifty day moving average is $209.03 and its two-hundred day moving average is $205.88. The stock has a market capitalization of $69.11 billion, a price-to-earnings ratio of -657.70 and a beta of 1.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating 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 business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s 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. Research analysts anticipate that Cloudflare will post -0.11 EPS for the current year.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total value of $11,289,275.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the transaction, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 627,945 shares of company stock valued at $128,468,645 in the last three months. 10.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently made changes to their positions in the company. Westfield Capital Management Co. LP purchased a new position in Cloudflare during the second quarter worth about $87,868,000. Swedbank AB boosted its position in shares of Cloudflare by 27.7% in the third quarter. Swedbank AB now owns 43,878 shares of the company’s stock worth $9,416,000 after acquiring an additional 9,527 shares during the last quarter. Strategy Capital LLC grew its holdings 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 period. Motley Fool Asset Management LLC increased 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 last quarter. Finally, Vanguard Group Inc. raised its stake in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the period. Hedge funds and other institutional investors 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.