Cantor Fitzgerald Forecasts Cloudflare FY2025 Earnings

Cloudflare, Inc. (NYSE:NET - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Cloudflare in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey anticipates that the company will post earnings of ($0.17) per share for the year. The consensus estimate for Cloudflare's current full-year earnings is ($0.11) per share.

NET has been the topic of several other research reports. The Goldman Sachs Group lowered their price target on shares of Cloudflare from $183.00 to $161.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Capital One Financial upgraded shares of Cloudflare from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 8th. Needham & Company LLC upped their price target on shares of Cloudflare from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Susquehanna decreased their target price on Cloudflare from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Finally, Piper Sandler reissued a "neutral" rating and set a $151.00 price objective (up from $112.00) on shares of Cloudflare in a report on Friday, May 9th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $145.92.

Cloudflare Stock Performance

Shares of NET traded down $0.27 during mid-day trading on Wednesday, hitting $179.44. 1,663,408 shares of the company traded hands, compared to its average volume of 3,126,118. The stock has a market cap of $62.20 billion, a price-to-earnings ratio of -815.64 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 stock has a 50-day moving average price of $136.67 and a two-hundred day moving average price of $128.91. Cloudflare has a 1 year low of $69.26 and a 1 year high of $181.81.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.16 EPS 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 business had revenue of $479.09 million during the quarter, compared to analysts' expectations of $469.49 million. During the same period in the previous year, the business earned $0.16 EPS. The business's revenue was up 26.5% compared to the same quarter last year.

Institutional Trading of Cloudflare

A number of institutional investors have recently made changes to their positions in NET. Stratos Wealth Partners LTD. lifted its stake in shares of Cloudflare by 1.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company's stock worth $709,000 after buying an additional 77 shares in the last quarter. Choreo LLC increased its holdings in shares of Cloudflare by 3.0% in the fourth quarter. Choreo LLC now owns 4,766 shares of the company's stock valued at $519,000 after purchasing an additional 137 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Cloudflare by 16.0% during the fourth quarter. Bleakley Financial Group LLC now owns 4,199 shares of the company's stock worth $452,000 after buying an additional 579 shares in the last quarter. Empowered Funds LLC boosted its stake in Cloudflare by 13.3% during the fourth quarter. Empowered Funds LLC now owns 4,960 shares of the company's stock worth $534,000 after buying an additional 582 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in Cloudflare in the 4th quarter valued at $237,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cloudflare

In related news, Director Katrin Suder sold 608 shares of Cloudflare stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.00, for a total value of $104,576.00. Following the sale, the director now owns 41,785 shares of the company's stock, valued at approximately $7,187,020. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas James Kramer sold 9,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $112.83, for a total transaction of $1,015,470.00. Following the transaction, the insider now directly owns 188,406 shares in the company, valued at approximately $21,257,848.98. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,976 shares of company stock valued at $74,746,733 in the last ninety days. 12.83% of the stock is currently owned by corporate insiders.

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.