Cloudflare, Inc. (NYSE:NET) Given Average Recommendation of “Moderate Buy” by Analysts

Cloudflare, Inc. (NYSE:NET) has earned an average rating of “Moderate Buy” from the thirty-one brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $235.3333.

A number of research firms recently issued reports on NET. Wells Fargo & Company upped their price target on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. UBS Group boosted their target price on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup upped their target price on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Oppenheimer began coverage on Cloudflare in a research report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target for the company. Finally, Scotiabank boosted their price objective on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st.

Cloudflare Price Performance

NYSE:NET opened at $204.14 on Friday. The business’s 50-day moving average is $215.32 and its 200 day moving average is $201.22. Cloudflare has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a market capitalization of $71.51 billion, a P/E ratio of -680.47 and a beta of 1.94. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, equities research analysts forecast that Cloudflare will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider directly owned 24,555 shares in the company, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 638,528 shares of company stock valued at $133,985,858. 10.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc boosted its holdings in Cloudflare by 14.8% during the 3rd quarter. IFP Advisors Inc now owns 2,353 shares of the company’s stock valued at $505,000 after acquiring an additional 304 shares during the period. Groupama Asset Managment lifted its position in shares of Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Cloudflare during the third quarter valued at $1,300,000. CIBC Private Wealth Group LLC boosted its stake in shares of Cloudflare by 7.6% during the third quarter. CIBC Private Wealth Group LLC now owns 579,137 shares of the company’s stock valued at $124,277,000 after purchasing an additional 41,095 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Cloudflare in the third quarter worth about $2,389,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.