Cloudflare (NYSE:NET) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Cloudflare (NYSE:NET) had its price objective boosted by equities researchers at Citizens Jmp from $270.00 to $330.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 21.10% from the company’s current price.

NET has been the subject of several other reports. TD Cowen boosted their price target on Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $136.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Susquehanna lifted their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Morgan Stanley boosted their target price on shares of Cloudflare from $305.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, Scotiabank upgraded shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $225.00 to $300.00 in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.59.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $272.50 on Monday. The company has a market capitalization of $96.32 billion, a price-to-earnings ratio of -1,090.02, a price-to-earnings-growth ratio of 277.66 and a beta of 1.67. Cloudflare has a 52 week low of $158.83 and a 52 week high of $291.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $239.64 and a 200 day moving average of $211.05.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, sell-side analysts predict that Cloudflare will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In related news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the transaction, the director directly owned 888,073 shares of the company’s stock, valued at $238,101,252.03. This represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total value of $12,953,268.24. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 564,903 shares of company stock worth $127,356,194. 10.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cloudflare

Large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Cloudflare by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock valued at $1,773,000 after acquiring an additional 738 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Cloudflare by 46.9% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $47,000 after purchasing an additional 61 shares during the last quarter. Oak Thistle LLC acquired a new stake in Cloudflare in the 2nd quarter worth approximately $2,208,000. IFP Advisors Inc boosted its stake in Cloudflare by 5.4% in the 2nd quarter. IFP Advisors Inc now owns 6,485 shares of the company’s stock worth $1,591,000 after purchasing an additional 331 shares in the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Cloudflare in the 2nd quarter worth approximately $1,450,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

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.