Scotiabank Lowers Cloudflare (NYSE:NET) Price Target to $225.00

Cloudflare (NYSE:NET) had its price objective dropped by investment analysts at Scotiabank from $255.00 to $225.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 21.31% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Needham & Company LLC cut their price objective on Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday. DZ Bank raised Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a research report on Wednesday, November 5th. Oppenheimer initiated coverage on Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective on the stock. Wall Street Zen upgraded shares of Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Citigroup dropped their target price on shares of Cloudflare from $318.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $232.89.

Cloudflare Trading Down 2.1%

NYSE NET opened at $185.48 on Wednesday. The company has a market capitalization of $64.97 billion, a price-to-earnings ratio of -639.56, a price-to-earnings-growth ratio of 164.18 and a beta of 1.97. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. Cloudflare has a 12 month low of $89.42 and a 12 month high of $260.00. The company’s fifty day moving average price is $190.36 and its two-hundred day moving average price is $204.79.

Cloudflare (NYSE:NET) last released its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.40%. The company had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The company’s revenue was up 33.6% on a year-over-year basis. As a group, research analysts predict that Cloudflare will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

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 completion of the transaction, the chief financial officer owned 137,486 shares in the company, valued at approximately $26,697,031.48. This represents a 23.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 24,555 shares in the company, valued at $4,892,829.30. The trade was a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 633,347 shares of company stock worth $124,873,834. Insiders own 10.89% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NET. Advisors Asset Management Inc. increased its position in Cloudflare by 78.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,434 shares of the company’s stock valued at $480,000 after acquiring an additional 1,070 shares during the period. CI Investments Inc. grew its stake in shares of Cloudflare by 40.5% in the fourth quarter. CI Investments Inc. now owns 103,834 shares of the company’s stock worth $20,471,000 after purchasing an additional 29,927 shares in the last quarter. DRW Securities LLC bought a new position in shares of Cloudflare in the fourth quarter worth $578,000. Insigneo Advisory Services LLC increased its holdings in shares of Cloudflare by 15.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,630 shares of the company’s stock valued at $519,000 after purchasing an additional 356 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of Cloudflare by 96.8% during the fourth quarter. Brooklyn Investment Group now owns 7,391 shares of the company’s stock valued at $1,483,000 after purchasing an additional 3,636 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 beat and bullish guidance: Cloudflare reported revenue of $614.5M (+33.6% YoY) and EPS of $0.28, topping estimates, and issued a 2026 revenue target (~$2.795B) that signals sustained AI-driven demand and record contract activity. CNBC: Q4 results
• Positive Sentiment: Analyst upgrades/target increases: Multiple firms raised targets or upgraded NET (e.g., Robert W. Baird upgrade to outperform with a $260 PT; Wells Fargo and Barclays raised targets), supporting further upside expectations. Zacks: Analyst optimism
• Positive Sentiment: Unusual options activity: Elevated call buying (≈13,474 calls traded, ~11% above average) suggests some traders are placing bullish bets on further upside. No link
• Neutral Sentiment: Valuation/sector checks: Several pieces examine whether the stock’s elevated valuation is justified after the AI-fueled beat — useful reading for investors weighing entry points. Yahoo: Valuation check
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a neutral rating ($224 PT), highlighting mixed analyst sentiment despite the strong quarter. StreetInsider: Cantor Fitzgerald
• Negative Sentiment: Insider sale disclosed: Director John Graham‑Cumming sold 2,520 shares (small relative to his stake), which can trigger short-term caution among some investors. SEC: Form 4
• Negative Sentiment: Institutional trimming: Alfreton Capital reported a ~55% reduction in its stake, signaling some profit-taking by funds after the run-up. DefenseWorld: Alfreton selling
• Negative Sentiment: Some target trims: A few analysts trimmed price targets (e.g., Scotiabank to $225, Needham trimmed PT) — mixed signals that add short‑term volatility risk. TickerReport: PT cuts

About Cloudflare

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.