KeyCorp Comments on Cloudflare's Q2 Earnings (NYSE:NET)

Cloudflare, Inc. (NYSE:NET - Free Report) - Investment analysts at KeyCorp issued their Q2 2025 earnings per share estimates for shares of Cloudflare in a research note issued on Thursday, June 5th. KeyCorp analyst J. Ader expects that the company will earn ($0.01) per share for the quarter. KeyCorp currently has a "Overweight" rating and a $210.00 target price on the stock. The consensus estimate for Cloudflare's current full-year earnings is ($0.11) per share. KeyCorp also issued estimates for Cloudflare's Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at ($0.09) EPS, FY2026 earnings at $0.09 EPS, FY2027 earnings at $0.38 EPS and FY2028 earnings at $0.77 EPS.

Several other equities research analysts have also recently weighed in on NET. UBS Group upped their target price on Cloudflare from $135.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Guggenheim upped their price objective on Cloudflare from $68.00 to $70.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Piper Sandler reissued a "neutral" rating and issued a $151.00 target price (up previously from $112.00) on shares of Cloudflare in a report on Friday, May 9th. Bank of America raised shares of Cloudflare from an "underperform" rating to a "buy" rating and increased their target price for the stock from $60.00 to $160.00 in a report on Tuesday, March 25th. Finally, Mizuho raised shares of Cloudflare from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $145.92.

Cloudflare Stock Up 1.9%

NYSE NET opened at $179.70 on Monday. The business has a fifty day moving average price of $132.42 and a two-hundred day moving average price of $127.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. Cloudflare has a fifty-two week low of $69.26 and a fifty-two week high of $181.81. The stock has a market capitalization of $62.29 billion, a PE ratio of -816.82 and a beta of 1.84.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $469.49 million. During the same period in the prior year, the company earned $0.16 EPS. The company's revenue for the quarter was up 26.5% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 413,413 shares of the company's stock, valued at approximately $48,150,212.11. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $171.41, for a total value of $4,395,123.81. Following the completion of the transaction, the insider now directly owns 6,390 shares of the company's stock, valued at approximately $1,095,309.90. This trade represents a 80.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 555,368 shares of company stock worth $74,642,157. 12.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cloudflare

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. increased its stake in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. NBC Securities Inc. bought a new stake in Cloudflare in the first quarter valued at $27,000. GPS Wealth Strategies Group LLC increased its stake in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Cloudflare by 115.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Cloudflare in the fourth quarter valued at $43,000. 82.68% of the stock is currently owned by institutional investors.

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.

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