Cloudflare’s (NET) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Cloudflare (NYSE:NET)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a research note issued on Monday,Benzinga reports. They currently have a $270.00 target price on the stock. Citizens Jmp’s target price points to a potential upside of 14.17% from the stock’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lowered shares of Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. KeyCorp restated an “overweight” rating on shares of Cloudflare in a research report on Wednesday. UBS Group lifted their price objective on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group assumed coverage on Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, Needham & Company LLC increased their target price on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Trading Up 3.5%

Shares of NYSE NET traded up $8.01 during mid-day trading on Monday, hitting $236.49. The company’s stock had a trading volume of 489,921 shares, compared to its average volume of 4,608,778. The stock has a market cap of $83.59 billion, a price-to-earnings ratio of -944.10, a price-to-earnings-growth ratio of 481.14 and a beta of 1.70. 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 has a one year low of $158.83 and a one year high of $276.82. The company’s fifty day simple moving average is $216.10 and its 200-day simple moving average is $201.73.

Cloudflare (NYSE:NET) last posted its quarterly 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 net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period in the previous year, the firm posted $0.16 earnings per share. Cloudflare’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. On average, sell-side analysts anticipate that Cloudflare will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, Director Katrin Suder sold 293 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $252.92, for a total transaction of $74,105.56. Following the sale, the director owned 37,430 shares of the company’s stock, valued at approximately $9,466,795.60. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $210.66, for a total value of $11,035,213.44. Following the transaction, the chief executive officer owned 25,550 shares in the company, valued at approximately $5,382,363. This represents a 67.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 475,400 shares of company stock worth $100,851,370 in the last three months. 10.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of NET. Wiser Advisor Group LLC bought a new stake in Cloudflare during the 3rd quarter worth approximately $26,000. HM Payson & Co. bought a new position in Cloudflare in the fourth quarter valued at approximately $25,000. Wexford Capital LP bought a new position in Cloudflare in the third quarter valued at approximately $30,000. Ameriflex Group Inc. boosted its holdings in shares of Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.