Cloudflare (NYSE:NET) Updates FY 2026 Earnings Guidance

07 May 2026, 16:42 by Teresa Graham · The Cerbat Gem

Cloudflare (NYSE:NET – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.190-1.200 for the period, compared to the consensus earnings per share estimate of 0.880. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. Cloudflare also updated its Q2 2026 guidance to 0.270-0.270 EPS.

Analyst Ratings Changes

A number of brokerages recently issued reports on NET. Royal Bank Of Canada boosted their price objective on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $224.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Scotiabank cut their price objective on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cloudflare in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $232.62.

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Cloudflare Price Performance

NET stock traded up $8.46 during midday trading on Thursday, hitting $257.05. The company’s stock had a trading volume of 7,723,962 shares, compared to its average volume of 4,584,134. Cloudflare has a 12 month low of $121.46 and a 12 month high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $90.48 billion, a price-to-earnings ratio of -886.35 and a beta of 1.67. The company has a 50 day moving average of $203.01 and a two-hundred day moving average of $200.50.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts expect that Cloudflare will post -0.11 EPS for the current year.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer directly owned 22,911 shares in the company, valued at approximately $3,981,473.58. This represents a 69.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 41,557 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $185.04, for a total value of $7,689,707.28. Following the transaction, the chief financial officer owned 85,452 shares of the company’s stock, valued at $15,812,038.08. This represents a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 638,766 shares of company stock worth $125,757,221. 10.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its position in shares of Cloudflare by 18.4% during the 4th quarter. Sunbelt Securities Inc. now owns 1,409 shares of the company’s stock valued at $278,000 after acquiring an additional 219 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Cloudflare during the 4th quarter valued at approximately $50,000. Mercer Global Advisors Inc. ADV lifted its position in Cloudflare by 1.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,768 shares of the company’s stock worth $5,277,000 after buying an additional 313 shares during the last quarter. Virtue Capital Management LLC lifted its position in Cloudflare by 814.5% in the fourth quarter. Virtue Capital Management LLC now owns 7,746 shares of the company’s stock worth $1,518,000 after buying an additional 6,899 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in Cloudflare by 9.0% in the fourth quarter. Vident Advisory LLC now owns 13,869 shares of the company’s stock worth $2,734,000 after buying an additional 1,143 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Company Profile

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Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.