Wells Fargo & Company Forecasts Strong Price Appreciation for Cloudflare (NYSE:NET) Stock

Cloudflare (NYSE:NET) had its price objective hoisted by research analysts at Wells Fargo & Company from $270.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 10.09% from the stock’s current price.

NET has been the subject of several other research reports. Benchmark cut Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Friday. Guggenheim reiterated a “sell” rating and issued a $140.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Truist Financial increased their target price on shares of Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $290.00 target price on shares of Cloudflare in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.59.

Cloudflare Price Performance

NYSE NET opened at $272.50 on Monday. Cloudflare has a 12 month low of $158.83 and a 12 month high of $291.00. The firm has a market capitalization of $96.32 billion, a PE ratio of -1,090.02, a P/E/G ratio of 277.66 and a beta of 1.67. The company’s 50 day simple moving average is $239.64 and its 200 day simple moving average is $211.05. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last released 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, equities research analysts forecast that Cloudflare will post 0.02 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the sale, the director directly owned 494,909 shares in the company, valued at approximately $122,381,097.52. This trade represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $219.11, for a total value of $5,618,199.51. Following the sale, the insider owned 47,425 shares of the company’s stock, valued at $10,391,291.75. The trade was a 35.09% 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. In the last 90 days, insiders sold 564,903 shares of company stock worth $127,356,194. 10.66% of the stock is currently owned by company insiders.

Institutional Trading of Cloudflare

Several institutional investors have recently made changes to their positions in NET. Lingotto Investment Management LLP purchased a new position in Cloudflare in the fourth quarter valued at about $34,626,000. Trek Financial LLC purchased a new stake in shares of Cloudflare during the 4th quarter worth about $1,793,000. Jupiter Asset Management Ltd. raised its stake in shares of Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after buying an additional 206,506 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

About Cloudflare

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.