Companies /Technology

Cloudflare Inc - Class A

NYSE: NET Software - Infrastructure
$305.94
▲ $12.19 (+4.15%) today
Markets closed · 4:23pm ET

24/7 Wall St. View

Price Prediction $374.25 +27.4% Our analysts’ 12-month view: target, optimistic case, and floor. NET price prediction → Earnings Beat +10.7% EPS vs. the estimate, revenue, and how the market reacted. NET earnings history →

NET at a Glance

Valuation
Market cap
$105.3B
Profitability
Revenue (TTM)
$2.7B
Profit margin
-8.8%
EPS (TTM)
$-0.67
Price
52-week range
$159 – $370
24/7 target
$374.25
Street target
$340.03
Earnings
Next report
Feb 8, 2027
Q3 2026 EPS
$0.38
vs. $0.34 est.
+10.7%

Headquartered in San Francisco, CA Fiscal year ends December NYSE: NET cloudflare.com

About Cloudflare

Cloudflare, Inc. (NYSE: NET) is a connectivity cloud company that runs one of the world's largest and most interconnected global networks. On that network it delivers a unified platform of cloud-native security, performance, networking and developer products.

Its offerings help organizations secure and accelerate employees, applications and networks. The company says it blocks billions of online threats for customers every day. It also provides developer tools that it positions as the development platform for the AI-powered Internet.

Cloudflare sells on a subscription basis to millions of organizations, from large enterprises and governments to small businesses, nonprofits and developers. It uses a free-to-paid conversion model and focuses on expanding sales to large customers.

As of Q3 2026, the company has passed a $3 billion annualized revenue run rate and targets $5 billion in annual recurring revenue. To get there, it has added a new President of Revenue, Christian Smith, formerly of Splunk. It is also restructuring toward an agentic AI-first operating model. Updated

Latest Activity

Biggest movers · On the open
Gainers
  • BEBloom Energy$188.76+8.9%
  • TTDTrade Desk$14.05+8.6%
  • AMCAMC Entertainment$3.38+7.5%
  • COHRCoherent$206.37+7.0%
  • NETCloudflare$286.42+6.6%
Losers
  • NVDANVIDIA$174.62-6.4%
  • IRENIREN$20.63-4.7%
  • IQiQIYI$0.92-4.1%
  • MSTRStrategy$124.06-3.8%
  • SMCISuper Micro Computer$27.69-3.7%

Nearly 15 points separate the top and bottom of the open: Bloom Energy up 8.95% while NVIDIA, the market's heaviest name, drops 6.44% to $174.62. Four of the five decliners sit in AI-adjacent hardware, so the pain is concentrated.

Read more
NETCloudflare
Q3 2026
EPS
$0.38
est $0.34+10.7%
Revenue
$783M
est $738M+6.0%

Cloudflare just posted its fastest revenue growth in nearly four years, up 39% year over year, with margins widening and guidance pointing higher. Ignoring it means missing the reprice already underway.

Quarterly EPS — reported vs estimate
Read more
Earnings · 2026 Q3Matthew PrinceCEO & Board Co-Chair, Cloudflare
Christian has consistently proven he can lead global go-to-market organizations through periods of rapid expansion with discipline, operational rigor, and a steadfast focus on customers. He shares our belief in Cloudflare's mission and in the size of the opportunity in front of us. We are excited to have him on board for this next chapter.

A new global go-to-market leader arriving alongside third quarter results signals Cloudflare is building a sales machine for a much larger enterprise push, and execution on that hire is what a $78.9 billion valuation now rides on. Shares have slipped 1.36% since the remarks.

NET -1.36%since the quote
Read more
Earnings · 2026 Q3Matthew PrinceCEO & Board Co-Chair, Cloudflare
The third quarter was Cloudflare's best quarter ever. We crossed $3 billion in annualized revenue with revenue of $782 million, up 39% year over year. We accelerated growth, delivering our fastest revenue growth in nearly four years, while expanding profitability.

Growth reaccelerating at a $79 billion company is the rare setup, and Cloudflare just posted its fastest expansion in nearly four years while margins widened at the same time. Shares have slipped since, so the market is still pricing the AI and security demand story.

NET -1.36%since the quote
Read more
NETCloudflare
Regular session
$238.71
-10.45%open $266.58

A 10.45% drop to $238.71 wipes roughly $9 billion off a $77 billion name in one session, the kind of move that usually resets a growth stock's trading range. Keep an eye on whether buyers step in before the close.

Read more
Biggest movers · At the close
Gainers
  • CRWDCrowdStrike$257.36+8.2%
  • PANWPalo Alto Networks$380.5+7.2%
  • NETCloudflare$324.53+6.9%
  • ZSZscaler$254.11+6.9%
  • SLBSLB$52.92+6.8%
Losers
  • BEBloom Energy$193.54-11.1%
  • TAT&T$20.99-7.7%
  • TMUST-Mobile$146.72-7.6%
  • INFYInfosys$12.31-6.9%
  • CCZComcast$61-6.3%

Four cybersecurity names took the top gainer slots at Friday's close, with CrowdStrike up 8.2% to lead a group that rarely moves in lockstep. The damage sat in telecom, where AT&T and T-Mobile both landed among the day's worst losers alongside Bloom Energy.

Read more
Biggest movers · On the open
Gainers
  • SPOTSpotify$580.29+10.5%
  • LMTLockheed Martin$602.91+9.3%
  • CSXCSX$51.3+6.0%
  • PGP&G$165.32+5.4%
  • NETCloudflare$319.22+3.9%
Losers
  • LRCXLam Research$234.14-10.2%
  • NOKNokia$8.36-9.7%
  • TERTeradyne$316.79-8.3%
  • AAOIApplied Optoelectronics$71.36-7.7%
  • COHRCoherent$219.49-7.6%

Spotify opened up 10.5% to lead a 389-name board, with Lockheed Martin close behind at 9.3%. The pain is concentrated in chip gear and optics, where Lam Research gave up 10.2% at the bell.

Read more
NETCloudflare
New 52-week high$359.49+0.2% vs prior high · 2026-09-24

Cloudflare set a fresh 52-week high at $359.49, topping its September 24 peak. The stock has roughly doubled off its low earlier this year.

Read more
52-week highs
7stocks hit new 52-week highs this week
  • AMDAMD$630.63+8.6%
  • NETCloudflare$349.02+7.5%
  • RBRKRubrik$109.55+7.2%
  • FTNTFortinet$173.46+3.5%
  • HPEHewlett Packard Enterprise$62.94+2.3%
  • SSentinelOne$22.38+1.1%
  • AAPLApple$341.07+0.3%

Seven names hit fresh 52-week highs this week, and AMD cleared its prior peak by 8.6%. Cloudflare and Rubrik followed at roughly 7% above their old marks, with Apple just barely in at 0.29%.

Read more
Reddit's most-discussed stocks · Sep 23
  1. 1RIVNbearish716 comments · 1.2K upvotes
  2. 2AMDsplit273 comments · 1.8K upvotes
  3. 3SPYsplit242 comments · 1.4K upvotes
  4. 4METAbullish213 comments · 996 upvotes
  5. 5NETsplit79 comments · 802 upvotes

METAheating up fast

SPYsouring fast

Rivian is drawing more heat than anything else on the board with 716 comments, and the mood there is bearish. Meta is the one traders are warming to fast, while the broad market ETF is going the other way.

Source: Reddit
Read more

NET Coverage

Load More

Frequently Asked Questions

What does Cloudflare do?

Cloudflare, Inc. (NYSE: NET) is a connectivity cloud company that runs one of the world's largest and most interconnected global networks. On that network it delivers a unified platform of cloud-native security, performance, networking and developer products.

What is the NET stock price target?

24/7 Wall St.'s 12-month price target for NET is $374.25, rated Buy. The Wall Street consensus target is $340.03. NET price prediction →