Cloudflare (NYSE:NET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cloudflare (NYSE:NET) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on NET. Royal Bank Of Canada upped their price objective on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Citizens Jmp reissued a “market outperform” rating and issued a $394.00 price objective on shares of Cloudflare in a research report on Monday, August 31st. Needham & Company LLC raised their target price on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 target price on shares of Cloudflare in a report on Monday, October 5th. Finally, Mizuho lifted their target price on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $330.59.

Cloudflare Price Performance

Shares of NYSE NET opened at $297.78 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare has a 12 month low of $158.83 and a 12 month high of $370.35. The stock has a 50 day moving average of $319.26 and a 200-day moving average of $265.13.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, equities analysts expect that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the transaction, the insider directly owned 69,775 shares in the company, valued at approximately $20,557,808.25. This represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. 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 476,339 shares of company stock worth $143,439,267 in the last 90 days. Company insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of NET. Investment Research Partners LLC purchased a new stake in Cloudflare in the 3rd quarter valued at $270,000. Kercheville Advisors LLC purchased a new position in Cloudflare during the 3rd quarter worth $524,000. Abel Hall LLC purchased a new position in Cloudflare during the 3rd quarter worth $259,000. Kaufman Rossin Wealth LLC purchased a new position in Cloudflare during the 3rd quarter worth $354,000. Finally, BDF Gestion bought a new stake in shares of Cloudflare in the 3rd quarter worth $3,078,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Company Profile

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.