BTIG Research Issues Positive Forecast for Cloudflare (NYSE:NET) Stock Price

Cloudflare (NYSE:NET) had its price target upped by research analysts at BTIG Research from $314.00 to $382.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 34.83% from the company’s current price.

NET has been the subject of several other reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Cloudflare in a report on Friday. Raymond James Financial began coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating for the company. UBS Group lifted their target price on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Friday. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 price target 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 assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.31.

Cloudflare Stock Down 3.3%

NYSE:NET opened at $283.33 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market capitalization of $100.15 billion, a price-to-earnings ratio of -1,133.31, a price-to-earnings-growth ratio of 219.10 and a beta of 1.65. Cloudflare has a one year low of $158.83 and a one year high of $305.00. The stock has a 50-day simple moving average of $255.83 and a 200 day simple moving average of $218.26.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Sell-side analysts predict that Cloudflare will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $277.74, for a total value of $36,939.42. Following the transaction, the director directly owned 10,632 shares in the company, valued at approximately $2,952,931.68. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of Cloudflare stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $296.10, for a total value of $9,958,139.10. 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 749,532 shares of company stock worth $183,882,628 over the last ninety days. Company insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Several institutional investors have recently modified their holdings of NET. CX Institutional grew its stake in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Wealth Architects LLC lifted its position in Cloudflare by 4.6% in the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock worth $251,000 after buying an additional 45 shares during the last quarter. Forum Financial Management LP boosted its stake in Cloudflare by 3.5% in the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after buying an additional 50 shares in the last quarter. Quadrant Private Wealth Management LLC grew its position in Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after acquiring an additional 51 shares during the last quarter. Finally, Essential Partners LLC raised its stake in shares of Cloudflare by 14.5% during the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock worth $83,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Quarterly results exceeded expectations. Cloudflare reported adjusted earnings of $0.29 per share versus the $0.27 consensus, while revenue rose 35.9% year over year to $696.1 million, ahead of estimates near $664.7 million. Cloudflare Q2 2026 results
• Positive Sentiment: Cloudflare raised guidance above analyst forecasts. Full-year revenue guidance increased to approximately $2.86 billion-$2.87 billion from $2.805 billion-$2.813 billion previously, above the roughly $2.81 billion consensus. The company also projected third-quarter revenue of $736 million-$737 million and EPS of $0.34, both ahead of expectations. Cloudflare raises annual outlook
• Positive Sentiment: AI adoption is boosting demand. Management said the rapid growth of AI agents is driving traffic through Cloudflare’s network. New offerings—including the AEO Visibility Dashboard, Identity-Aware AI Gateway and Cloudflare OS—could expand enterprise demand for AI security, governance and infrastructure services. Cloudflare AI-driven demand
• Neutral Sentiment: Analyst views remain mixed. Jefferies maintained a Hold rating, although the broader analyst consensus is Moderate Buy. Cloudflare’s shares remain near their 52-week high, increasing the market’s focus on execution and additional guidance upgrades.
• Negative Sentiment: Insider selling could temper sentiment. CEO Matthew Prince sold more than $45 million of shares in several transactions, CFO Thomas Seifert sold 55,000 shares, and director Carl Ledbetter sold 5,000 shares. The transactions were made under pre-arranged Rule 10b5-1 plans and therefore are not necessarily indications of weakening business confidence, but they may encourage profit-taking. Cloudflare insider sales
• Negative Sentiment: Valuation remains elevated. Cloudflare’s approximately $100 billion market capitalization and continuing negative net margin leave limited room for disappointing growth, profitability or AI-demand trends. The stock’s high beta also suggests continued volatility.

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.