Cloudflare Issues $2 Billion Convertible Notes

Cloudflare ( (NET) ) has issued an update.

On June 17, 2025, Cloudflare, Inc. issued $2.0 billion in 0% Convertible Senior Notes due 2030, with a conversion rate initially set at 4.0376 shares of Class A common stock per $1,000 principal amount. The notes, which mature on June 15, 2030, are part of a strategic financial maneuver to bolster Cloudflare’s capital for general corporate purposes, including potential acquisitions. The company also entered into capped call transactions to mitigate potential stock dilution, showcasing a proactive approach to managing its financial obligations and market positioning.

The most recent analyst rating on (NET) stock is a Buy with a $205.00 price target. To see the full list of analyst forecasts on Cloudflare stock, see the NET Stock Forecast page.

Spark’s Take on NET Stock

According to Spark, TipRanks’ AI Analyst, NET is a Outperform.

Cloudflare’s overall stock score is driven by strong revenue growth and positive earnings call outcomes. While technical indicators support bullish momentum, the lack of profitability affects valuation attractiveness. The company’s strategic focus on large enterprise contracts and cash flow improvements are positive signals for future growth.

To see Spark’s full report on NET stock, click here.

More about Cloudflare

Cloudflare, Inc. operates in the technology industry, focusing on providing web infrastructure and website security services. The company is known for its content delivery network (CDN) and DDoS mitigation services, catering to a broad market that includes businesses and individual users seeking to enhance their online presence and security.

Average Trading Volume: 3,626,399

Technical Sentiment Signal: Buy

Current Market Cap: $62.14B

See more data about NET stock on TipRanks’ Stock Analysis page.