Cloudflare (NET) Set to Post Quarterly Earnings on Thursday

Cloudflare (NYSE:NET) is expected to be announcing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect Cloudflare to announce earnings of $0.3426 per share and revenue of $736.79 million for the quarter. Individuals can check the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts expect Cloudflare to post $0.03 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.

Cloudflare Stock Up 3.0%

Shares of NET opened at $273.17 on Wednesday. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The firm’s 50 day moving average price is $320.06 and its 200 day moving average price is $248.60. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen lowered Cloudflare from a “buy” rating to a “hold” rating in a research report on Sunday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Thursday, October 15th. Wells Fargo & Company lifted their target price on Cloudflare from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Craig Hallum raised Cloudflare to a “buy” rating in a research note on Tuesday. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has an average rating of “Hold” and a consensus price target of $333.21.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: JPMorgan raised its rating from Neutral to Overweight and set a $350 price target, citing an appealing entry point after the stock’s roughly 26% decline over the previous month and potential for faster revenue growth. JPMorgan upgrades Cloudflare after selloff
• Neutral Sentiment: Cloudflare’s November 5 earnings report is the next key catalyst. Investors will assess demand for its AI, Workers and security products, as well as whether growth can support its valuation. Cloudflare earnings date
• Negative Sentiment: Jefferies lowered its price target from $350 to $320 and maintained a Hold rating, signaling less upside than its prior forecast. Jefferies lowers Cloudflare price target
• Negative Sentiment: Valuation remains a concern: bearish analysts argue that the share price assumes substantial future margin expansion and AI monetization, while profitability and cash generation have yet to justify that premium. Cloudflare has also retreated from its October high amid pressure on expensive software and AI stocks. Cloudflare earnings and valuation analysis

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at $24,301,934.75. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the transaction, the director owned 868,073 shares of the company’s stock, valued at $264,241,421.20. This trade represents a 0.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 264,057 shares of company stock valued at $80,926,805 over the last 90 days. 10.66% of the stock is owned by corporate insiders.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.