Cloudflare, Inc. (NYSE:NET) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cloudflare, Inc. (NYSE:NET) have been assigned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $235.3333.

NET has been the topic of several recent research reports. Piper Sandler increased their target price on shares of Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Oppenheimer started coverage on shares of Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective on the stock. Robert W. Baird set a $220.00 target price on Cloudflare in a report on Friday, October 31st. Finally, Guggenheim reaffirmed a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st.

Insider Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $189.07, for a total value of $4,847,943.87. Following the sale, the insider directly owned 24,555 shares in the company, valued at approximately $4,642,613.85. This trade represents a 51.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark J. Hawkins sold 134 shares of Cloudflare stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $197.65, for a total transaction of $26,485.10. Following the completion of the transaction, the director directly owned 10,856 shares in the company, valued at approximately $2,145,688.40. The trade was a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 638,528 shares of company stock valued at $133,985,858 over the last 90 days. Company insiders own 10.89% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

Several institutional investors have recently bought and sold shares of the company. Westfield Capital Management Co. LP purchased a new stake in Cloudflare during the 2nd quarter valued at about $87,868,000. Wealthedge Investment Advisors LLC boosted its holdings in shares of Cloudflare by 64.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after purchasing an additional 4,755 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the last quarter. Motley Fool Asset Management LLC grew its position in shares of Cloudflare by 10.5% in the second quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after purchasing an additional 658,656 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Down 0.1%

Shares of NYSE:NET opened at $204.14 on Friday. The business’s 50 day moving average is $215.32 and its 200 day moving average is $201.22. The stock has a market cap of $71.51 billion, a P/E ratio of -680.47 and a beta of 1.94. Cloudflare has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Sell-side analysts predict that Cloudflare will post -0.11 EPS for the current year.

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.