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Cloudflare Inc (NET)
NYSE:NET
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Cloudflare (NET) Price & Analysis

8,906 Followers

NET Stock Chart & Stats

$200.99
-$0.89(-0.78%)
At close: 4:00 PM EST
$200.99
-$0.89(-0.78%)

Bulls Say, Bears Say

Bulls Say
Revenue Scale & GrowthCloudflare’s recurring subscription model has produced sustained top-line scale, rising to $2.33B TTM from $656M in 2021. This multi-year revenue expansion reflects broadened product adoption, network effects, and gives durable revenue base to fund growth and strategic investments over the next 2–6 months.
Strong Cash GenerationOperating cash flow and free cash flow have strengthened meaningfully, with OCF rising to $702M TTM and FCF positive since 2023. Reliable cash generation supports reinvestment for network and AI initiatives, lowers near-term refinancing risk, and provides flexibility despite heavy capex needs.
Enterprise Expansion & High RetentionGrowing large-account base and 118% dollar-based net retention show strong expansion within enterprise customers. Record large deals and rising customers spending >$1M indicate sticky, high-value relationships that sustain recurring revenue and cross-sell opportunities for months to come.
Bears Say
Elevated LeverageDebt materially exceeds equity, with leverage near 2.3–2.5x, while GAAP profitability historically negative. Elevated leverage increases interest and refinancing sensitivity and reduces financial flexibility if revenue growth or free cash flow weaken, a meaningful structural risk over the next several quarters.
Gross Margin Pressure From MixRevenue mix shifting toward lower-margin developer and paid traffic, plus reclassified traffic costs, is creating structural downward pressure on gross margins. Persisting mix effects could compress gross profits and limit margin expansion even as revenue grows, impacting durable operating leverage.
Execution & Capital Intensity Risks From AI TransitionMajor reorganization to an agentic AI-first model, large severance charges, and a material rise in network CapEx to support inference workloads increase execution, morale, and capital intensity risks. These structural shifts raise short-to-medium term cash needs and operational execution demands.

Cloudflare News

NET FAQ

What was Cloudflare Inc’s price range in the past 12 months?
Cloudflare Inc lowest stock price was $158.83 and its highest was $276.81 in the past 12 months.
    What is Cloudflare Inc’s market cap?
    Cloudflare Inc’s market cap is $79.57B.
      When is Cloudflare Inc’s upcoming earnings report date?
      Cloudflare Inc’s upcoming earnings report date is Jul 30, 2026 which is in 40 days.
        How were Cloudflare Inc’s earnings last quarter?
        Cloudflare Inc released its earnings results on May 07, 2026. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.231 by $0.019.
          Is Cloudflare Inc overvalued?
          According to Wall Street analysts Cloudflare Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Cloudflare Inc pay dividends?
            Cloudflare Inc does not currently pay dividends.
            What is Cloudflare Inc’s EPS estimate?
            Cloudflare Inc’s EPS estimate is 0.27.
              How many shares outstanding does Cloudflare Inc have?
              Cloudflare Inc has 321,184,840 shares outstanding.
                What happened to Cloudflare Inc’s price movement after its last earnings report?
                Cloudflare Inc reported an EPS of $0.25 in its last earnings report, beating expectations of $0.231. Following the earnings report the stock price went down -23.622%.
                  Which hedge fund is a major shareholder of Cloudflare Inc?
                  Currently, no hedge funds are holding shares in NET
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Cloudflare Inc

                    Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.

                    Cloudflare (NET) Earnings & Revenues

                    NET Company Deck

                    NET Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presents a strongly positive operational and financial momentum—robust revenue growth (34% YoY), expanding large-customer base, record large deals, solid profitability, and strong free cash flow—paired with aggressive strategic moves to replatform the company for agentic AI. Key near-term negatives include a substantial workforce reduction (~20%) with related $140M–$150M restructuring charges, and pressure on gross margins from mix shifts toward lower-margin developer products and reclassification of traffic costs. On balance, the growth, cash generation, customer wins, and clear strategic positioning for AI materially outweigh the immediate costs and execution risks of the transition.View all NET earnings summaries

                    NET Revenue Breakdown

                    84.39%84.39%15.61%
                    84.39% Direct customers
                    15.61% Channel partners
                    tipranks

                    NET Stock 12 Month Forecast

                    Average Price Target

                    $245.81
                    ▲(22.30% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 27,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 14, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":184.95,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 18, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":200.11,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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style=\"color:#199ca5\">Buy 35,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 15, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":253.3,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 12, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":197.2,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 24,\t&nbsp; </span>\n              <span  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style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":181.02,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 33,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 15, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":205.43,"date":1775001600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 29,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 12, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      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