Cloudflare (NYSE:NET) Given New $365.00 Price Target at Needham & Company LLC

07 Nov 2026, 20:46 by Michael Walen · The Markets Daily

Cloudflare (NYSE:NET – Free Report) had its price objective lowered by Needham & Company LLC from $380.00 to $365.00 in a report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on NET. Jefferies Financial Group reduced their price objective on Cloudflare from $320.00 to $315.00 and set a “hold” rating for the company in a research report on Friday. KeyCorp boosted their target price on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Oppenheimer started coverage on shares of Cloudflare in a research note on Tuesday. They set an “outperform” rating for the company. Raymond James Financial lowered shares of Cloudflare from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday. Finally, Cantor Fitzgerald dropped their price objective on shares of Cloudflare from $340.00 to $310.00 and set a “neutral” rating on the stock in a report on Friday. Twenty-six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.82.

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Cloudflare Stock Performance

Shares of NYSE:NET traded up $24.69 on Friday, reaching $269.20. 9,412,453 shares of the company’s stock were exchanged, compared to its average volume of 3,206,512. The firm has a market capitalization of $95.15 billion, a price-to-earnings ratio of -395.88, a PEG ratio of 210.90 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’s 50-day moving average is $318.23 and its two-hundred day moving average is $249.77. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

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, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $782.51 million for the quarter, compared to the consensus estimate of $737.16 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business’s revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. As a group, equities research analysts forecast that Cloudflare will post 0.03 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction that occurred on 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 sale, the director directly owned 868,073 shares in the company, valued at $264,241,421.20. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 12,500 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 259,057 shares of company stock valued at $79,516,905. Corporate insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC lifted its stake in Cloudflare by 2.7% during the third quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock worth $430,000 after purchasing an additional 33 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Cloudflare by 6.1% in the third quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock worth $216,000 after purchasing an additional 36 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Cloudflare by 31.2% in the third quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock valued at $57,000 after buying an additional 39 shares during the period. CX Institutional lifted its stake in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in Cloudflare by 4.2% in the third quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock valued at $380,000 after buying an additional 44 shares during the period. Institutional investors own 82.68% of the company’s stock.

Key Stories Impacting Cloudflare

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, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

About Cloudflare

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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.