Cantor Fitzgerald Forecasts Cloudflare FY2026 Earnings

Cloudflare, Inc. (NYSE:NET - Free Report) - Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Cloudflare in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey forecasts that the company will post earnings of ($0.06) per share for the year. The consensus estimate for Cloudflare's current full-year earnings is ($0.11) per share.

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. The firm had revenue of $479.09 million for the quarter, compared to analyst estimates of $469.49 million. During the same period in the previous year, the company earned $0.16 earnings per share. Cloudflare's revenue for the quarter was up 26.5% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. UBS Group increased their price target on Cloudflare from $135.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. The Goldman Sachs Group cut their price target on Cloudflare from $183.00 to $161.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Royal Bank of Canada cut their price target on Cloudflare from $170.00 to $148.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Bank of America upgraded Cloudflare from an "underperform" rating to a "buy" rating and increased their price target for the stock from $60.00 to $160.00 in a research note on Tuesday, March 25th. Finally, Guggenheim increased their price target on Cloudflare from $68.00 to $70.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $145.92.

Cloudflare Stock Performance

NYSE:NET traded up $0.36 during trading on Tuesday, reaching $179.70. The company's stock had a trading volume of 2,249,954 shares, compared to its average volume of 3,131,208. The firm has a market cap of $62.29 billion, a price-to-earnings ratio of -816.82 and a beta of 1.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a 50 day moving average of $136.67 and a 200-day moving average of $128.91. Cloudflare has a 12 month low of $69.26 and a 12 month high of $181.81.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $116.47, for a total value of $6,101,164.48. Following the sale, the chief executive officer now directly owns 413,413 shares in the company, valued at approximately $48,150,212.11. This trade represents a 11.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 25,642 shares of Cloudflare stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $173.00, for a total value of $4,436,066.00. Following the completion of the sale, the insider now owns 6,390 shares in the company, valued at approximately $1,105,470. This represents a 80.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 555,976 shares of company stock valued at $74,746,733 in the last ninety days. Company insiders own 12.83% of the company's stock.

Institutional Investors Weigh In On Cloudflare

Several hedge funds have recently made changes to their positions in the company. Hartline Investment Corp raised its stake in Cloudflare by 1.5% during the fourth quarter. Hartline Investment Corp now owns 264,336 shares of the company's stock valued at $28,464,000 after buying an additional 3,957 shares during the last quarter. Birchcreek Wealth Management LLC purchased a new position in Cloudflare during the fourth quarter valued at $215,000. Savant Capital LLC purchased a new position in Cloudflare during the fourth quarter valued at $237,000. Jones Financial Companies Lllp raised its stake in Cloudflare by 164.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,024 shares of the company's stock valued at $541,000 after buying an additional 3,126 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Cloudflare by 3.4% during the fourth quarter. LPL Financial LLC now owns 122,171 shares of the company's stock valued at $13,155,000 after buying an additional 3,989 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Company Profile

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.