Cloudflare (NYSE:NET) Earns Overweight Rating from Analysts at KeyCorp

KeyCorp initiated coverage on shares of Cloudflare (NYSE:NET) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set an “overweight” rating and a $210.00 price target on the stock. KeyCorp’s target price would suggest a potential upside of 16.86% from the company’s previous close. KeyCorp also issued estimates for Cloudflare’s Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at ($0.09) EPS, FY2026 earnings at $0.09 EPS, FY2027 earnings at $0.38 EPS, FY2028 earnings at $0.77 EPS and FY2029 earnings at $1.10 EPS.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Cloudflare from $111.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of Cloudflare from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Guggenheim boosted their price objective on shares of Cloudflare from $68.00 to $70.00 and gave the stock a “sell” rating in a research report on Friday, May 9th. CICC Research upgraded shares of Cloudflare from a “market perform” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research report on Monday, May 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Cloudflare from $136.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.92.

Cloudflare Stock Up 1.9%

NET stock opened at $179.70 on Friday. The company has a market cap of $62.29 billion, a P/E ratio of -816.82 and a beta of 1.78. Cloudflare has a 52 week low of $69.26 and a 52 week high of $181.81. The company’s 50-day moving average price is $132.42 and its 200 day moving average price is $127.53. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. The business had revenue of $479.09 million during the quarter, compared to analysts’ expectations of $469.49 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Cloudflare’s quarterly revenue was up 26.5% on a year-over-year basis. On average, research analysts expect that Cloudflare will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michelle Zatlyn sold 25,640 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $130.85, for a total transaction of $3,354,994.00. Following the completion of the transaction, the insider now owns 413,413 shares of the company’s stock, valued at $54,095,091.05. This represents a 5.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $166.00, for a total transaction of $498,000.00. Following the transaction, the insider now directly owns 169,377 shares of the company’s stock, valued at approximately $28,116,582. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 555,368 shares of company stock valued at $74,642,157 in the last 90 days. 12.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Cloudflare during the 1st quarter worth approximately $688,000. Acadian Asset Management LLC increased its position in Cloudflare by 538.6% during the 1st quarter. Acadian Asset Management LLC now owns 12,452 shares of the company’s stock worth $1,401,000 after purchasing an additional 10,502 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Cloudflare by 20.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 15,112 shares of the company’s stock worth $1,703,000 after purchasing an additional 2,540 shares in the last quarter. IFM Investors Pty Ltd increased its position in Cloudflare by 1.7% during the 1st quarter. IFM Investors Pty Ltd now owns 56,178 shares of the company’s stock worth $6,331,000 after purchasing an additional 931 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Cloudflare during the 1st quarter worth approximately $878,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.