Cloudflare (NYSE:NET) Issues Q4 2026 Earnings Guidance

Key Points

• Cloudflare guided for fourth-quarter 2026 EPS of $0.43 and revenue of $845–$846 million, above analyst estimates of $0.31 and $797.9 million, respectively.
• The company raised its full-year 2026 EPS outlook to $1.35; the article also reports expected revenue of about $3.0 billion, ahead of the $2.9 billion consensus.
• Third-quarter revenue climbed 39.2% year over year to $782.5 million, and EPS of $0.38 beat estimates. However, reports cited pressure on gross margin and a widening GAAP operating loss.

Cloudflare (NYSE:NET - Get Free Report) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided EPS guidance of 0.430-0.430 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $845.0 million-$846.0 million, compared to the consensus revenue estimate of $797.9 million. Cloudflare also updated its FY 2026 guidance to 1.350-1.350 EPS.

Cloudflare Stock Performance

NYSE NET traded up $26.82 during trading hours on Friday, hitting $271.33. The company had a trading volume of 4,786,839 shares, compared to its average volume of 4,050,470. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $95.91 billion, a P/E ratio of -469.37, a price-to-earnings-growth ratio of 206.44 and a beta of 1.37. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The business has a fifty day simple moving average of $319.02 and a 200-day simple moving average of $249.31.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $782.51 million during the quarter, compared to the consensus estimate of $737.16 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities analysts predict that Cloudflare will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

NET has been the topic of several recent research reports. Stephens assumed coverage on shares of Cloudflare in a research report on Tuesday. They issued an "overweight" rating on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Cloudflare in a research note on Friday. DZ Bank cut Cloudflare from a "strong-buy" rating to a "strong sell" rating in a report on Friday, August 7th. Citigroup reiterated a "market outperform" rating on shares of Cloudflare in a research report on Monday, August 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Cloudflare in a research report on Thursday, October 15th. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $333.75.

Insider Activity at Cloudflare

In related news, Director Carl Ledbetter sold 5,000 shares of the company's stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the completion of the sale, the director owned 868,073 shares of the company's stock, valued at $264,241,421.20. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares of the company's stock, valued at $24,301,934.75. This represents a 32.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 259,057 shares of company stock worth $79,516,905 over the last ninety days. 10.66% of the stock is currently owned by corporate insiders.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, above the roughly $737 million consensus, while adjusted EPS of $0.38 beat the $0.34 estimate. Cloudflare delivers strong Q3 numbers
• Positive Sentiment: The company raised its fourth-quarter 2026 outlook to EPS of $0.43 and revenue of $845–$846 million, versus consensus estimates of $0.31 and $797.9 million. Its FY 2026 guidance also moved above expectations: EPS of $1.35 versus $1.02 and revenue of about $3.0 billion versus $2.9 billion. Cloudflare raises full-year guidance
• Positive Sentiment: Enterprise momentum adds support to the growth outlook: customers spending more than $100,000 annually increased 25% year over year. Piper Sandler reaffirmed its Overweight rating and raised its price target to $337 from $333.
• Neutral Sentiment: Analyst views were mixed. Needham lowered its price target to $365 while keeping a Buy rating, and Cantor Fitzgerald cut its target to $310 and maintained Neutral.
• Negative Sentiment: Despite the growth and outlook, reports noted that gross margin declined, free cash flow grew more slowly than revenue, and the GAAP operating loss widened—potential concerns about profitability as Cloudflare scales. Cloudflare sales rise, but margins face pressure

Cloudflare Company Profile

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.

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