Citizens Jmp Forecasts Strong Price Appreciation for Cloudflare (NYSE:NET) Stock

Cloudflare (NYSE:NET) had its price objective boosted by equities researchers at Citizens Jmp from $330.00 to $394.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price indicates a potential upside of 29.38% from the company’s previous close.

A number of other analysts have also issued reports on NET. Oppenheimer lifted their price target on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group reiterated a “neutral” rating and issued a $350.00 target price on shares of Cloudflare in a research report on Friday. Truist Financial boosted their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Cloudflare in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.59.

Cloudflare Price Performance

NET traded up $20.09 during midday trading on Friday, hitting $304.52. 4,220,521 shares of the company traded hands, compared to its average volume of 4,303,498. The business has a 50 day simple moving average of $255.83 and a two-hundred day simple moving average of $218.26. Cloudflare has a 52-week low of $158.83 and a 52-week high of $324.73. The company has a market capitalization of $107.64 billion, a price-to-earnings ratio of -1,212.77, a PEG ratio of 219.10 and a beta of 1.65. 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 earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities analysts forecast that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $281.98, for a total value of $1,409,900.00. Following the transaction, the director owned 883,073 shares of the company’s stock, valued at $249,008,924.54. This represents a 0.56% decrease in their ownership of the stock. 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, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This represents a 32.58% 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 have sold a total of 749,532 shares of company stock valued at $183,882,628 in the last quarter. Corporate insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Cloudflare during the 4th quarter worth about $718,316,000. Jennison Associates LLC increased 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 valued at $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after acquiring an additional 1,365,598 shares during the last quarter. Swedbank AB raised its position in shares of Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares during 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: Cloudflare exceeded expectations on both revenue and earnings. Second-quarter revenue rose 35.9% year over year to $696.1 million, above the roughly $664.7 million consensus, while adjusted EPS of $0.29 topped estimates of $0.27. Cloudflare Stock Pops After Strong Q2 Results
• Positive Sentiment: Management raised its outlook above Wall Street forecasts. Full-year 2026 revenue guidance increased to approximately $2.864 billion-$2.870 billion, from $2.805 billion-$2.813 billion previously, while EPS guidance rose to $1.25-$1.26 versus consensus of $0.96. Third-quarter revenue and EPS guidance also exceeded estimates. Cloudflare raises annual outlook
• Positive Sentiment: AI-related demand is strengthening the growth narrative. Cloudflare said Workers, large-customer additions and rising traffic from agentic AI are supporting momentum. New products, including an AEO Visibility Dashboard, Identity-Aware AI Gateway and Cloudflare OS, could expand its enterprise security and AI-platform opportunities. NET Q2 Earnings Call Highlights
• Positive Sentiment: Analysts raised price targets following the results. BTIG, Needham and Oppenheimer lifted their targets to $382, $380 and $380, respectively, and maintained buy or outperform ratings. Truist also raised its target to $350 and retained a buy rating. Cloudflare analyst price-target changes
• Neutral Sentiment: Usage-based revenue can create quarter-to-quarter variability. Management noted that evolving customer usage models may make reported revenue less predictable, even as underlying demand remains strong.
• Negative Sentiment: Valuation and insider selling remain risks. Cloudflare’s roughly $100 billion-plus valuation and still-negative net margin leave limited room for execution missteps. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter recently sold shares under pre-arranged Rule 10b5-1 plans; these sales are not necessarily bearish but may temper sentiment after the rally.

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.