Cloudflare (NYSE:NET) Given New $255.00 Price Target at Mizuho

Cloudflare (NYSE:NET) had its target price reduced by investment analysts at Mizuho from $280.00 to $255.00 in a report issued on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 43.86% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. JMP Securities set a $270.00 target price on shares of Cloudflare in a report on Friday, October 31st. Royal Bank Of Canada increased their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Argus boosted their price objective on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 10th. Guggenheim restated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Finally, Barclays initiated coverage on Cloudflare in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $235.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Cloudflare Trading Down 3.8%

Cloudflare stock opened at $177.26 on Wednesday. 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 has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a market capitalization of $62.09 billion, a price-to-earnings ratio of -590.86, a price-to-earnings-growth ratio of 121.14 and a beta of 1.96. The stock has a 50-day moving average price of $197.91 and a 200 day moving average price of $206.40.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the prior year, the company earned $0.20 EPS. Cloudflare’s quarterly 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. Sell-side 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 Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total transaction of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares in the company, valued at approximately $4,331,221. This represents a 70.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 609,213 shares of company stock valued at $120,586,544. 10.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reliant Investment Partners LLC grew its position in shares of Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock valued at $718,000 after purchasing an additional 50 shares during the period. Daymark Wealth Partners LLC boosted its holdings in Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after buying an additional 51 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in Cloudflare by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after buying an additional 51 shares in the last quarter. Huntington National Bank raised its holdings in shares of Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Finally, ORG Partners LLC lifted its position in shares of Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

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.