Cloudflare (NYSE:NET) Hits New 52-Week High – What’s Next?

Cloudflare, Inc. (NYSE:NET) shares hit a new 52-week high during trading on Friday . The company traded as high as $292.63 and last traded at $288.1590, with a volume of 346485 shares changing hands. The stock had previously closed at $283.39.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NET shares. Wells Fargo & Company upped their target price on Cloudflare from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Barclays lifted their target price on Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Guggenheim reissued a “sell” rating and issued a $140.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average price target of $261.19.

Cloudflare Stock Down 1.5%

The company has a market cap of $98.63 billion, a P/E ratio of -1,114.36, a PEG ratio of 208.77 and a beta of 1.67. The stock’s 50-day moving average price is $248.82 and its 200-day moving average price is $214.70. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Transactions at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the transaction, the director directly owned 888,073 shares of the company’s stock, valued at $238,101,252.03. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 549,770 shares of company stock valued at $124,090,448. Company insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

A number of hedge funds and other institutional investors have recently bought and sold shares of NET. Vanguard Group Inc. lifted its stake in shares of Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after buying an additional 90,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Cloudflare by 1.3% in the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares in the last quarter. 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.