Cloudflare (NYSE:NET) Price Target Lowered to $255.00 at Mizuho

Cloudflare (NYSE:NET) had its price objective cut by Mizuho from $280.00 to $255.00 in a research report report published on Wednesday morning, Marketbeat reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on NET. Oppenheimer began coverage on Cloudflare in a report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price objective on the stock. Wells Fargo & Company raised their price target on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citigroup dropped their price objective on Cloudflare from $318.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Truist Financial set a $225.00 price objective on Cloudflare in a research report on Tuesday. Finally, UBS Group decreased their target price on shares of Cloudflare from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.48.

Cloudflare Stock Performance

NYSE:NET opened at $169.93 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $59.52 billion, a price-to-earnings ratio of -566.43, a price-to-earnings-growth ratio of 116.70 and a beta of 1.96. The firm’s fifty day moving average price is $196.80 and its 200 day moving average price is $206.14. Cloudflare has a 1-year low of $89.42 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts expect that Cloudflare will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at $26,697,031.48. This represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was 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 of the company’s stock, valued at approximately $4,892,829.30. This trade represents a 58.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 619,213 shares of company stock worth $122,370,244. Insiders own 10.89% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Institutional investors have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. boosted its stake in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in Cloudflare in the 3rd quarter valued at about $26,000. Westside Investment Management Inc. boosted its stake in shares of Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. ORG Wealth Partners LLC grew its holdings in shares of Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after buying an additional 70 shares in the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of Cloudflare during the third quarter worth about $30,000. 82.68% of the stock is 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.