Key Points
- Cloudflare director John Graham-Cumming sold 2,520 shares on June 15 at an average price of $235.95, for proceeds of about $594,594. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by just 0.51%.
- Cloudflare reported stronger-than-expected quarterly results, posting EPS of $0.25 versus the $0.23 consensus and revenue of $639.76 million, up 33.5% year over year. The company also provided FY 2026 and Q2 2026 guidance.
- Analysts remain broadly positive on the stock, with multiple firms reiterating buy-like ratings and an average price target of $241.35. However, there is some divergence, as Guggenheim maintained a sell rating with a $140 target.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director John Graham-Cumming sold 2,520 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $235.95, for a total value of $594,594.00. Following the transaction, the director directly owned 494,067 shares in the company, valued at $116,575,108.65. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Graham-Cumming also recently made the following trade(s):
- On Monday, May 4th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $221.58, for a total value of $558,381.60.
Cloudflare Trading Down 1.9%
Shares of NYSE:NET opened at $231.19 on Wednesday. The business's 50-day moving average is $216.97 and its 200 day moving average is $202.23. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a market capitalization of $81.72 billion, a P/E ratio of -924.75, a P/E/G ratio of 496.37 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 (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the company posted $0.16 EPS. The firm's quarterly revenue 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, research analysts predict that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NET. Morgan Stanley reissued an "overweight" rating and issued a $305.00 price objective on shares of Cloudflare in a report on Thursday, June 4th. Barclays reissued an "overweight" rating and issued a $250.00 price objective on shares of Cloudflare in a report on Monday, June 1st. Citizens Jmp reissued a "market outperform" rating and issued a $270.00 price objective on shares of Cloudflare in a report on Monday. TD Cowen reissued a "buy" rating on shares of Cloudflare in a report on Wednesday, June 10th. Finally, Guggenheim reissued a "sell" rating and issued a $140.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $241.35.
Check Out Our Latest Stock Analysis on Cloudflare
Hedge Funds Weigh In On Cloudflare
A number of hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company's stock valued at $750,000 after acquiring an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Cloudflare in the second quarter valued at approximately $424,000. Cerity Partners LLC lifted its position in shares of Cloudflare by 30.1% in the second quarter. Cerity Partners LLC now owns 27,531 shares of the company's stock valued at $5,391,000 after acquiring an additional 6,363 shares in the last quarter. Sei Investments Co. lifted its position in shares of Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company's stock valued at $64,432,000 after acquiring an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company's stock valued at $3,224,000 after acquiring an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.
Cloudflare News Summary
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare continued to attract investor attention as one of Zacks’ most watched stocks, and the company also saw upbeat analyst support when Citizens JMP reaffirmed its “market outperform” rating with a $270 price target, implying meaningful upside from current levels.
- Positive Sentiment: Shares had recently benefited from broader enthusiasm for AI security plays, with Cloudflare mentioned alongside other cybersecurity names as investors rotated into the theme.
- Neutral Sentiment: A new third-party announcement highlighted a no-code Cloudflare integration from Spur to improve session enrichment and traffic enforcement, reinforcing Cloudflare’s ecosystem presence but not directly changing fundamentals.
- Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, adding a governance-related headline that could keep some investors cautious.
- Negative Sentiment: A director, John Graham-Cumming, disclosed the sale of 2,520 shares under a pre-arranged trading plan, which can still weigh on sentiment even though the transaction was routine and small relative to his holdings.
- Negative Sentiment: Cloudflare also fell more than the broader market in the latest session, reflecting some profit-taking after earlier strength and mixed investor positioning.
About Cloudflare
(
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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.
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