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

8,929 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 From Recurring Subscription ModelCloudflare’s subscription-based, tiered model has driven durable top-line scale: multi-year revenue rose from $656M to $2.33B TTM while sustaining high gross margins. That recurring revenue base and scale support predictable cash flows, upsell opportunities and long-term product investment.
Strong Cash Generation And LiquidityConsistently positive operating and free cash flow provides durable financial flexibility: FCF has been positive since 2023 and TTM FCF of $379M plus large cash holdings support reinvestment in the network, fund strategic AI transition and absorb restructuring without immediate capital raises.
Enterprise Customer Expansion And Strong RetentionGrowth in large customers and high DBNR (118%) indicate structural enterprise adoption and strong upsell dynamics. A rising base of >$100k customers and accelerating $1M+ deals create durable revenue stability, lower churn risk and higher lifetime value per customer.
Bears Say
Elevated Leverage And Capital-structure RiskHigh gross leverage (debt multiple >2x equity) is a persistent structural risk: it reduces financial flexibility, raises interest and refinancing vulnerability, and heightens downside if revenue growth or margins slow, making capital-allocation choices more constrained over the medium term.
Ongoing GAAP Losses Despite Improving MetricsDespite improving margins and positive EBITDA, the firm remains GAAP-loss making across all shown periods. Persistent GAAP losses can limit return-on-equity improvement, pressure investor patience, and mean continued reliance on operating improvement and cash generation to convert to sustained GAAP profitability.
Margin Pressure From Product Mix And Transition CostsRapid growth of lower-margin developer/Workers products and shifts in traffic classification create a durable squeeze on consolidated gross margin. Coupled with large restructuring charges and materially higher network CapEx guidance to support AI workloads, margin and capital-intensity pressures may persist during the strategic transition.

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 $86.09B.
      When is Cloudflare Inc’s upcoming earnings report date?
      Cloudflare Inc’s upcoming earnings report date is Jul 30, 2026 which is in 25 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 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            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 32,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 14, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":208.05,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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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      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":217.5,"date":1777593600000,"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 8, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      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