Cloudflare (NYSE:NET) Reaches New 1-Year High – Should You Buy?

Shares of Cloudflare, Inc. (NYSE:NET) hit a new 52-week high on Monday . The company traded as high as $333.72 and last traded at $332.8990, with a volume of 2688210 shares. The stock had previously closed at $306.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. Guggenheim boosted their target price on shares of Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a research report on Friday, August 7th. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 price target on shares of Cloudflare in a research note on Monday, August 3rd. Oppenheimer raised their price target on shares of Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Susquehanna lifted their price objective on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Trading Up 8.9%

The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $118.02 billion, a price-to-earnings ratio of -574.77, a P/E/G ratio of 250.57 and a beta of 1.66. The company’s fifty day moving average is $285.92 and its two-hundred day moving average is $239.49.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. 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, research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares in the company, valued at approximately $34,171,137. This trade represents a 32.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This trade represents a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 703,724 shares of company stock worth $186,167,272 over the last three months. Company insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Cloudflare in the 2nd quarter worth about $424,000. Cerity Partners LLC boosted its position in Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares in the last quarter. Sei Investments Co. grew its holdings in Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after purchasing an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after buying an additional 2,093 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

About Cloudflare

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.