NET Stock - Cloudflare, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.67B | $1.30B | $975.24M | $656.43M | $431.06M |
| Gross Profit | $1.29B | $989.74M | $742.63M | $509.29M | $330.00M |
| Gross Margin | 77.3% | 76.3% | 76.1% | 77.6% | 76.6% |
| Operating Income | $-154,761,000 | $-250,885,000 | $-248,756,000 | $-148,204,000 | $-110,489,000 |
| Net Income | $-78,800,000 | $-183,949,000 | $-193,381,000 | $-260,309,000 | $-119,370,000 |
| Net Margin | -4.7% | -14.2% | -19.8% | -39.7% | -27.7% |
| EPS | $-0.23 | $-0.55 | $-0.59 | $-0.83 | $-0.40 |
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 2nd 2025 | Barclays | Initiation | Overweight | $235 |
| November 10th 2025 | Oppenheimer | Resumed | Outperform | $260 |
| November 5th 2025 | DZ Bank | Upgrade | Hold | $237 |
| October 31st 2025 | Jefferies | Resumed | Hold | $250 |
| June 6th 2025 | KeyBanc Capital Markets | Initiation | Overweight | - |
| April 16th 2025 | Mizuho | Upgrade | Outperform | $135 |
| March 25th 2025 | BofA Securities | Upgrade | Buy | $160 |
| March 20th 2025 | Oppenheimer | Resumed | Outperform | $150 |
| March 18th 2025 | Morgan Stanley | Resumed | Overweight | - |
| February 11th 2025 | DZ Bank | Downgrade | Sell | $145 |
| February 7th 2025 | Oppenheimer | Downgrade | Perform | - |
| February 3rd 2025 | Robert W. Baird | Downgrade | Neutral | $140← $125 |
| January 17th 2025 | Cantor Fitzgerald | Initiation | Neutral | $111 |
| January 17th 2025 | Citigroup | Upgrade | Buy | $145← $95 |
| January 3rd 2025 | RBC Capital Mkts | Reiterated | Outperform | $123← $99 |
Earnings History & Surprises
NETEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.27 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.23 | $0.27 | +17.3% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.18 | $0.21 | +14.5% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.16 | $0.16 | -2.3% | ✗ MISS |
Q1 2025 | Feb 6, 2025 | $0.18 | $0.19 | +5.6% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.18 | $0.20 | +11.5% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.14 | $0.20 | +42.0% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.13 | $0.16 | +21.4% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.12 | $0.15 | +23.9% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.10 | $0.16 | +60.0% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.07 | $0.10 | +42.9% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.03 | $0.08 | +133.4% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $0.05 | $0.06 | +32.0% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.00 | $0.06 | +3581.0% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $-0.09 | $-0.20 | -119.8% | ✗ MISS |
Q2 2022 | May 5, 2022 | $0.00 | $0.01 | +706.5% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $-0.12 | $-0.24 | -100.0% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $-0.17 | $-0.34 | -100.0% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.01 | $-0.02 | -43.6% | ✗ MISS |
Latest News
Cloudflare, JD Cloud Partner On AI Interference; Terms Not Disclosed
➖ NeutralCloudflare shares are trading higher after Barclays initiated coverage on the stock with an Overweight rating and announced a $235 price target.
📈 PositiveBarclays Initiates Coverage On Cloudflare with Overweight Rating, Announces Price Target of $235
📈 PositiveCloudflare trades in red for seven straight sessions
📉 NegativeCloudflare Says Root Cause Of The Outage Was Automatically Generated Configuration File For Managing Threat Traffic; No Evidence The Outage Was The Result Of An Attack Or Malicious Activity; We Are Continuing To Monitor For Any Further Issues
➖ NeutralCloudflare System Status: A Fix Has Been Implemented And We Believe The Incident Is Now Resolved. We Are Continuing To Monitor For Errors To Ensure All Services Are Back To Normal
➖ NeutralCloudflare shares are trading lower due to an outage.
📉 NegativeWhat you should know about Cloudflare — and this morning's internet outages
➖ NeutralMarker-Moving News for November 18th
➖ NeutralCloudflare Says Is Aware Of, And Investigating An Issue Which Potentially Impacts Multiple Customers; Says Further Detail Will Be Provided As More Information Becomes Available
➖ NeutralCloudflare To Acquire Replicate, Terms Not Disclosed
➖ NeutralArgus Research Maintains Buy on Cloudflare, Raises Price Target to $265
📈 PositiveCitigroup Maintains Buy on Cloudflare, Raises Price Target to $318
📈 PositiveSusquehanna Maintains Neutral on Cloudflare, Raises Price Target to $260
➖ NeutralWells Fargo Maintains Overweight on Cloudflare, Raises Price Target to $265
📈 PositiveMajor indexes are higher amid recent earnings reports and US-China trade talks. Strong earnings from Amazon and Cloudflare may be lifting market sentiment.
📈 PositiveJefferies Assumes Cloudflare at Hold, Raises Price Target to $250
📈 PositivePiper Sandler Maintains Neutral on Cloudflare, Raises Price Target to $249
📈 PositiveUBS Maintains Neutral on Cloudflare, Raises Price Target to $245
➖ NeutralScotiabank Maintains Sector Perform on Cloudflare, Raises Price Target to $255
📈 PositiveFrequently Asked Questions about NET
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