Cloudflare (NYSE:NET) Stock Price Expected to Rise, Truist Financial Analyst Says

Cloudflare (NYSE:NET) had its price objective lifted by analysts at Truist Financial from $300.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 9.58% from the stock’s previous close.

Several other research analysts have also recently weighed in on NET. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a research report on Friday. UBS Group reaffirmed a “neutral” rating on shares of Cloudflare in a research note on Friday. KeyCorp reaffirmed an “overweight” rating and set a $375.00 target price on shares of Cloudflare in a report on Friday. Oppenheimer increased their price target on shares of Cloudflare from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, BTIG Research raised their price target on shares of Cloudflare from $314.00 to $382.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.22.

Cloudflare Price Performance

NYSE NET opened at $319.41 on Friday. The firm’s fifty day simple moving average is $255.83 and its two-hundred day simple moving average is $218.26. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare has a 12-month low of $158.83 and a 12-month high of $325.80. The firm has a market capitalization of $112.90 billion, a P/E ratio of -1,267.95, a P/E/G ratio of 219.10 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. Analysts forecast that Cloudflare will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. This represents a 32.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $296.10, for a total value of $9,958,139.10. 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 749,532 shares of company stock valued at $183,882,628 in the last quarter. Corporate insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the third quarter worth about $26,000. HM Payson & Co. purchased a new stake in shares of Cloudflare in the 4th quarter valued at about $25,000. CX Institutional boosted its position in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Cape Investment Advisory Inc. acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $33,000. Finally, Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter worth approximately $30,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare beat second-quarter expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding estimates of approximately $664.7 million. Adjusted earnings of $0.29 per share also topped the $0.27 consensus. Cloudflare Q2 results
• Positive Sentiment: Management raised its full-year forecast above analyst expectations. Cloudflare now expects 2026 revenue of roughly $2.864 billion to $2.870 billion, up from its prior $2.805 billion-$2.813 billion range. Third-quarter guidance of $736 million-$737 million in revenue and $0.34 EPS also exceeded consensus estimates. Cloudflare raises outlook
• Positive Sentiment: AI-agent traffic is supporting demand. Cloudflare said businesses increasingly rely on its network to route and secure AI applications. New offerings, including the AEO Visibility Dashboard, Identity-Aware AI Gateway and Cloudflare OS, could broaden its enterprise opportunity. Market update on Cloudflare
• Positive Sentiment: BTIG Research raised its price target. BTIG increased its target from $314 to $382 and reiterated a Buy rating, adding to favorable Wall Street commentary after the earnings release. BTIG price-target update
• Neutral Sentiment: Analyst sentiment remains mixed. The broader consensus is still favorable, but some firms maintain Hold or Sell ratings. Cloudflare’s high valuation and elevated volatility make the shares sensitive to changes in growth expectations.
• Negative Sentiment: Insider selling could pressure sentiment. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter reported sales totaling millions of dollars. The transactions were made under pre-arranged Rule 10b5-1 plans and therefore do not necessarily indicate deteriorating confidence, but they may encourage profit-taking. Cloudflare insider filing

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.