Cloudflare (NYSE:NET) Sets New 1-Year High – What’s Next?

Shares of Cloudflare, Inc. (NYSE:NET) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $284.63 and last traded at $281.7080, with a volume of 3978713 shares trading hands. The stock had previously closed at $269.53.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare shares are getting a boost from heightened cybersecurity demand after U.S. and international agencies warned about Russian state-sponsored threats targeting critical infrastructure, which can increase interest in cloud security names like NET. Cloudflare (NET) Stock Is Up, What You Need To Know
• Positive Sentiment: Analysts remain constructive ahead of earnings, with TD Cowen reportedly raising its price target on Cloudflare to $300 from $250 while keeping a Buy rating, signaling continued confidence in revenue growth. Cloudflare Draws Fresh Price Target Hikes Ahead Of Earnings — Analysts See Another 30% Growth Quarter
• Positive Sentiment: Cloudflare also launched Precursor, a new behavioral bot-detection tool, reinforcing its product pipeline and its ability to monetize security and performance upgrades. Cloudflare Introduces Precursor; One-Click Behavioral Defense Against Modern Bots
• Neutral Sentiment: The company announced it will report second-quarter 2026 results on August 6, keeping attention focused on upcoming earnings but not changing fundamentals by itself. Cloudflare Announces Date of Second Quarter 2026 Financial Results
• Neutral Sentiment: Cloudflare continues to attract strong investor attention, with recent articles highlighting its prior stock run and elevated search interest, but these are more a reflection of momentum than a new catalyst. Cloudflare (NET): 3 Reasons We Love This Stock

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Jefferies Financial Group cut shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Mizuho raised their target price on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Raymond James Financial assumed coverage on Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.81.

Cloudflare Stock Performance

The stock has a market capitalization of $99.58 billion, a price-to-earnings ratio of -1,126.83, a P/E/G ratio of 274.71 and a beta of 1.67. The company’s fifty day simple moving average is $233.93 and its 200 day simple moving average is $208.47. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $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 research analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Insider Activity

In other news, Director John Graham-Cumming sold 2,520 shares of the 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 transaction, the director owned 494,909 shares in the company, valued at approximately $122,381,097.52. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $219.11, for a total value of $5,618,199.51. Following the sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. The trade was a 35.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 626,185 shares of company stock valued at $139,810,855. Company insiders own 10.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in shares of Cloudflare during the fourth quarter worth $25,000. Wiser Advisor Group LLC acquired a new stake in Cloudflare in the 3rd quarter worth about $26,000. Wexford Capital LP bought a new stake in Cloudflare in the 3rd quarter valued at about $30,000. CX Institutional grew its position in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 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.