Cloudflare (NYSE:NET) Stock Rating Upgraded by Wall Street Zen

Cloudflare (NYSE:NET) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

NET has been the topic of a number of other research reports. Robert W. Baird set a $330.00 price objective on Cloudflare in a report on Friday, August 7th. Oppenheimer raised their target price on Cloudflare from $380.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Sanford C. Bernstein raised their target price on Cloudflare from $164.00 to $181.00 and gave the company a “market perform” rating in a report on Thursday, September 17th. BTIG Research boosted their target price on shares of Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Mizuho boosted their target price on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Cloudflare Price Performance

Shares of NET opened at $295.48 on Friday. Cloudflare has a twelve month low of $158.83 and a twelve month high of $370.35. The stock’s 50 day moving average is $319.50 and its two-hundred day moving average is $264.48. The firm has a market capitalization of $104.44 billion, a PE ratio of -509.44, a P/E/G ratio of 235.66 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts anticipate that Cloudflare will post 0.03 earnings per share for the current year.

Insider Activity at Cloudflare

In other news, insider Alissa Michelle Starzak sold 2,538 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the sale, the insider owned 112,082 shares of the company’s stock, valued at $34,149,143.76. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the sale, the chief financial officer directly owned 107,902 shares in the company, valued at $35,873,098.92. This trade represents a 8.48% 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 have sold a total of 458,839 shares of company stock valued at $138,172,392 in the last 90 days. Insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of NET. Jennison Associates LLC lifted its holdings in 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 purchasing an additional 2,530,872 shares in the last quarter. Swedbank AB boosted its stake 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 purchasing an additional 811,297 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Cloudflare during the 2nd quarter worth about $75,595,000. USS Investment Management Ltd boosted its stake in shares of Cloudflare by 452.3% during the 1st quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after purchasing an additional 242,668 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.