Cloudflare (NET) Projected to Post Earnings on Thursday

Cloudflare (NYSE:NET - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $469.49 million for the quarter. Cloudflare has set its FY 2025 guidance at 0.790-0.800 EPS and its Q1 2025 guidance at 0.160-0.160 EPS.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cloudflare Stock Down 1.7 %

NYSE NET traded down $2.09 during trading hours on Tuesday, hitting $122.55. 2,592,326 shares of the company traded hands, compared to its average volume of 3,078,191. 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 business's 50-day moving average is $117.02 and its 200-day moving average is $116.98. The stock has a market capitalization of $42.29 billion, a price-to-earnings ratio of -557.05 and a beta of 1.78. Cloudflare has a twelve month low of $66.24 and a twelve month high of $177.37.

Analyst Ratings Changes

Several research firms recently weighed in on NET. Needham & Company LLC decreased their target price on shares of Cloudflare from $185.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Scotiabank boosted their price objective on shares of Cloudflare from $87.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Robert W. Baird reaffirmed a "neutral" rating and issued a $140.00 target price (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price target on Cloudflare from $183.00 to $161.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Wells Fargo & Company upped their price objective on Cloudflare from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $137.70.

Insider Activity at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 9,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $112.83, for a total transaction of $1,015,470.00. Following the completion of the sale, the insider now directly owns 188,406 shares in the company, valued at $21,257,848.98. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Janel Riley sold 4,327 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total value of $725,205.20. Following the completion of the sale, the chief accounting officer now directly owns 74,698 shares in the company, valued at $12,519,384.80. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 492,492 shares of company stock worth $63,757,685. Company insiders own 12.83% of the company's stock.

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.