Cloudflare (NYSE:NET) Price Target Raised to $300.00

Cloudflare (NYSE:NET) had its price objective raised by Wells Fargo & Company from $270.00 to $300.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on NET. Susquehanna boosted their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Needham & Company LLC raised their price target on shares of Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. UBS Group lifted their price target on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. BTIG Research boosted their price objective on shares of Cloudflare from $269.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group lowered Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.59.

Cloudflare Price Performance

Cloudflare stock opened at $268.86 on Monday. The stock has a 50-day moving average price of $241.16 and a two-hundred day moving average price of $211.56. Cloudflare has a 12 month low of $158.83 and a 12 month high of $291.00. The company has a market capitalization of $95.04 billion, a PE ratio of -1,075.46, a P/E/G ratio of 277.55 and a beta of 1.67. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the business posted $0.16 earnings per share. The business’s quarterly 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. Analysts expect that Cloudflare will post 0.02 EPS for the current year.

Insiders Place Their Bets

In other Cloudflare news, Director Mark J. Hawkins sold 133 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total value of $33,117.00. Following the transaction, the director directly owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $623,145.60. Following the transaction, the director owned 494,909 shares in the company, valued at $122,381,097.52. The trade was a 0.51% 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. Insiders sold a total of 564,903 shares of company stock valued at $127,356,194 in the last 90 days. Company insiders own 10.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC boosted its position in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Cloudflare by 1.6% during the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 buying an additional 49,485 shares during the period. 82.68% of the stock is owned by institutional investors.

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.