Cloudflare (NYSE:NET) Issues Quarterly Earnings Results

Cloudflare (NYSE:NET) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21), Zacks reports. Cloudflare had a negative return on equity of 7.18% and a negative net margin of 5.97%. Cloudflare updated its FY 2025 guidance to 0.790-0.800 EPS and its Q1 2025 guidance to 0.160-0.160 EPS.

Cloudflare Trading Up 18.2 %

Shares of NYSE:NET traded up $25.83 during trading on Friday, reaching $167.35. The company’s stock had a trading volume of 7,456,657 shares, compared to its average volume of 3,480,834. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. Cloudflare has a 12 month low of $66.24 and a 12 month high of $167.00. The stock has a market capitalization of $57.43 billion, a PE ratio of -645.95 and a beta of 1.12. The firm’s 50 day simple moving average is $116.71 and its two-hundred day simple moving average is $95.92.

Analysts Set New Price Targets

NET has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Cloudflare from $99.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald started coverage on Cloudflare in a report on Friday, January 17th. They issued a “neutral” rating and a $111.00 price target for the company. Truist Financial lifted their price objective on Cloudflare from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus raised their price target on Cloudflare from $136.00 to $175.00 and gave the company a “buy” rating in a research report on Friday. Finally, Needham & Company LLC raised their target price on Cloudflare from $110.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $119.56.

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $89.06, for a total value of $4,665,319.04. Following the sale, the chief executive officer now directly owns 192,177 shares of the company’s stock, valued at $17,115,283.62. This represents a 21.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas James Kramer sold 2,481 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $131.66, for a total transaction of $326,648.46. Following the completion of the sale, the insider now directly owns 175,688 shares in the company, valued at $23,131,082.08. This trade represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 633,738 shares of company stock valued at $69,632,506 in the last ninety days. 12.83% of the stock is owned by company 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.