Cloudflare Stock Analysis

NET Stock

USD 207.33 -5.12 -2.41%

This chart illustrates the adjusted historical pricing of Cloudflare dating back to September 13, 2019, benchmarked against key global economic downturns. As of March 17th, the latest price for Cloudflare stock is $207.33, reflecting an intraday range of $207.33 to $217.73.

200 Day MA

198.9615

50 Day MA

185.6532

Beta

2.028

Macro event markers

Covid

Interest Hikes

Cloudflare appears overvalued based on a Real Value estimate of $199.52 and a Target Price of $232.43. This stock analysis focuses on estimating intrinsic value. The estimate helps distinguish economic value from observed trading price. Coverage is split between fundamental metrics and technical price analysis. Used together, they connect business fundamentals with trading dynamics.

Cloudflare holds a debt-to-equity ratio of 2.639. Recent filings indicate that Interest-Bearing Debt Per Share continues dropping. The baseline from the prior year shows Interest-Bearing Debt Per Share at 10.65. As of March 17th, 2026, Debt To Assets is estimated to rise to 0.64, whereas Long Term Debt To Capitalization is moving lower toward 0.38. Higher debt levels can expand Cloudflare's financial risk exposure. Interest obligations can weigh on earnings and cash flow coverage.

Asset vs Debt

Equity vs Debt

Fiscal trend analysis indicates Free Cash Flow Per Share is set to increase slightly relative to last year. In the prior fiscal year, Free Cash Flow Per Share was reported at 0.93. As of March 17th, 2026, Research And Ddevelopement To Revenue is estimated to rise to 0.33, whereas ROIC is moving lower toward -0.04 .

Price Book

51.2487

Enterprise Value Ebitda

701.2655

Price Sales

34.4928

Shares Float

315.4 M

Wall Street Target Price

232.4332

For Cloudflare, recent data highlights an increase of $251.3 million in Net Income, a net loss of $102.3 million, and a net loss attributable to common shareholders of $107.4 million.

You may consult Depreciation And Amortization as well as Interest Income.

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Stock Analysis Notes

About 90.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.35. Cloudflare recorded a loss per share of 0.3. The company had not issued any dividends in recent years. For Cloudflare, recent data highlights $0.03 in Intangibles To Total Assets, $6.0 billion in Total Assets, and a Return On Assets of -1.8%.

Price To Sales Ratio

36.26

Based on recent performance metrics, Price To Sales Ratio is expected to decrease significantly. Year-ago financials show Cloudflare with Price To Sales Ratio of 31.69.

Investor Insights and Alerts

	Cloudflare had very high historical volatility over the last 90 days
	The company reported last year's revenue of 2.17 B. Reported Net Loss for the year was -102.27 M with profit before taxes, overhead, and interest of 1.62 B.
	Over 90.0% of the company shares are owned by institutional investors
	Latest headline from simplywall.st: Cloudflare Valuation Check After Earnings Beat And Strengthening AI Infrastructure Story

Largest EPS Surprises

EPS surprise history helps explain abrupt moves in Cloudflare's price behavior. A negative gap to consensus tends to pressure valuation, while a positive gap can support re-rating. For this stock, read EPS surprises with profitability quality and forward revisions.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2022-05-05	2022-03-31	0.0013	0.01	0.0087	669
2023-02-09	2022-12-31	0.05	0.06	0.01	20
2020-02-13	2019-12-31	-0.07	-0.06	0.01	14

View All Earnings Estimates

Environmental, Social, and Governance (ESG) Scores

ESG scores for Cloudflare give investors a structured way to track environmental, social, and governance factors that may influence operating resilience and capital allocation over time. These scores become more relevant when they are compared against peers facing similar regulatory, labor, and supply-chain pressures.

Top Institutional Investors Holding Cloudflare Stock

Institutions hold about 90.02% of shares while insiders own roughly 0.74%. Annual revenue is about 2.17 Billion. How Cloudflare institutional base reacts to earnings revisions or sector shifts can move the price in the short term. The business currently sits in the Information Technology sector and the Software - Infrastructure industry. Volume spikes around index rebalance dates are worth monitoring given the high institutional share.

		Shares
Sands Capital Management, Llc	2025-12-31	3.7 M
Norges Bank	2025-12-31	3.6 M
American Century Companies Inc	2025-12-31	3.2 M
Franklin Resources Inc	2025-09-30	3.2 M
Legal & General Group Plc	2025-12-31	2.8 M
Ubs Asset Mgmt Americas Inc	2025-09-30	2.5 M
The Goldman Sachs Group Inc	2025-09-30	2.4 M
Two Sigma Advisers, Llc	2025-12-31	2.3 M
Ing Investment Management Llc	2025-12-31	2.3 M
Capital World Investors	2025-12-31	35.8 M
Vanguard Group Inc	2025-12-31	32.4 M

For a large-cap like Cloudflare (74.78 Billion), benchmark pressure and redemption cycles can limit how institutional weight turns into price support. Annual revenue is about 2.17 Billion. The Cloudflare large-cap ownership profile should be weighed against balance-sheet strength and earnings trends before drawing conclusions.

Market Capitalization

At roughly 74.78 B, Cloudflare belongs to the large-cap segment of application software companies. Related scale indicators include a workforce of about 5,156 people, enterprise value near 74.2 B, and about 317.58 M shares outstanding.

Profitability

Understanding Cloudflare's profitability requires more than checking whether earnings are positive; investors also need to examine margin durability, operating leverage, and how much capital the business consumes to grow. Annual revenue is about 2.17 Billion. Investors should compare gross, operating, and net margins rather than relying on one headline figure.

The company has Net Profit Margin of -5.0 %, which may suggest that the company is unable to adequately control operational costs. This is significantly below industry benchmarks. In the same way, it shows Net Operating Margin of -7.0 %, which implies that for every $100 of revenue, the company loses $7.0 at the operating level.

	Last Reported	Projected for Next Year
Return On Tangible Assets	-0.02	-0.02
Return On Capital Employed	-0.06	-0.06
Return On Assets	-0.02	-0.02
Return On Equity	-0.07	-0.07

Management Efficiency

The company has Return on Asset of -2.69 % which indicates that every $100 deployed in assets resulted in a loss of $2.69. This is significantly below industry benchmarks. In the same way, it shows a return on shareholders' equity (ROE) of -8.16 %, meaning that it produced losses on money invested by shareholders.

	Last Reported	Projected for Next Year
Book Value Per Share	4.19	4.40
Tangible Book Value Per Share	3.42	3.59
Enterprise Value Over EBITDA	344.45	361.67
Price Book Value Ratio	47.08	49.43
Enterprise Value Multiple	344.45	361.67
Price Fair Value	47.08	49.43
Enterprise Value	4.5 B	4 B

The management picture for Cloudflare becomes more useful when investors compare executive decisions with financial outcomes rather than with presentation language alone. The practical question is whether leadership is improving the economics of the business in ways that can persist once the operating environment gets harder.

Operating Margin

-0.07

Three Month Return

4.96127

Short Long Term Debt Total

3.9 B

Ten Year Return

1.1 K

Three Year Return

273.36575

Technical Drivers

Market data as of the 17th of March 2026 shows Cloudflare priced at 207.33 per share. Measured indicators report Risk Adjusted Performance of 0.033, downside deviation of 4.1, and Mean Deviation of 2.7. The model examines historical data series to identify measurable trend characteristics. Technical levels are measured against peer distributions.

Cloudflare Price Movement Analysis

This analysis covers twenty-eight data points across the selected time horizon. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Cloudflare middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Cloudflare. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Insider Trading Activities

Reviewing insider transactions in Cloudflare helps investors judge whether management behavior is aligned with the public narrative around growth, execution, and capital allocation. Most U.S. insider trades are disclosed through Form 4 reporting, which is why the value here comes from reading the sequence of filings, not one isolated transaction.

		Graham-cumming John over two months ago Disposition of 2520 shares by Graham-cumming John of Cloudflare at 44.72 subject to Rule 16 b-3
		Thomas Seifert over two months ago Disposition of 1000 shares by Thomas Seifert of Cloudflare at 200.5782 subject to Rule 16 b-3
		Douglas Kramer over two months ago Disposition of 1522 shares by Douglas Kramer of Cloudflare at 199.8333 subject to Rule 16 b-3
		Michelle Zatlyn over three months ago Disposition of 5 shares by Michelle Zatlyn of Cloudflare at 207.1481 subject to Rule 16 b-3
		Douglas Kramer over three months ago Disposition of 13191 shares by Douglas Kramer of Cloudflare at 210.6 subject to Rule 16 b-3
		Matthew Prince over six months ago Disposition of 7857 shares by Matthew Prince of Cloudflare at 193.9431 subject to Rule 16 b-3
		Michelle Zatlyn over six months ago Disposition of 1902 shares by Michelle Zatlyn of Cloudflare at 108.2855 subject to Rule 16 b-3
		Thomas Seifert over a year ago Disposition of 300 shares by Thomas Seifert of Cloudflare at 138.2233 subject to Rule 16 b-3
		Janel Riley over a year ago Disposition of 400 shares by Janel Riley of Cloudflare at 169.5275 subject to Rule 16 b-3
		Thomas Seifert over a year ago Disposition of 14898 shares by Thomas Seifert of Cloudflare at 171.16 subject to Rule 16 b-3
		Michelle Zatlyn over a year ago Disposition of 438 shares by Michelle Zatlyn of Cloudflare at 124.5874 subject to Rule 16 b-3
		Michelle Zatlyn over a year ago Disposition of 8424 shares by Michelle Zatlyn of Cloudflare at 123.2938 subject to Rule 16 b-3

Outstanding Bonds

Reviewing Cloudflare bond obligations helps investors understand how much of the business is financed with fixed-income capital rather than purely with equity. Current market capitalization is about 74.78 Billion. Bond investors and equity investors often care about the same cash flows, but they rank the risks differently.

	MPLX LP 4125 Corp Bond US55336VAK61	View
	MPLX LP 52 Corp Bond US55336VAL45	View
	Morgan Stanley 3591 Corp Bond US61744YAK47	View

View All Cloudflare Corporate Bonds

Predictive Daily Indicators

Daily trading signals in Cloudflare help active traders monitor momentum, reversals, and volume pressure while the session is still developing. For most traders, the advantage is faster feedback on market participation and momentum, which can sharpen both entries and exits.

	Accumulation Distribution	0.0478
	Daily Balance Of Power	-0.49
	Rate Of Daily Change	0.98
	Day Median Price	212.53
	Day Typical Price	210.8
	Market Facilitation Index	10.4
	Price Action Indicator	-7.76
	Period Momentum Indicator	-5.12

Corporate Filings

F4	13th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	6th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	5th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	4th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	3rd of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
10K	26th of February 2026 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance	View Verify
F4	24th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	23rd of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify

Forecast Models

A forecasting framework for Cloudflare usually starts with historical data because market prices often carry information about trend, momentum, and regime shifts before fundamentals fully update. They work best when investors compare model output with volatility, liquidity, and catalyst risk instead of treating one projected path as a certainty.

Debt to Cash Allocation

Cloudflare has $3.7 B in debt with debt to equity (D/E) ratio of 2.64, meaning that Cloudflare heavily relies on borrowing funds for operations. Cloudflare has a current ratio of 5.24, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. That said, strategic use of leverage may enable Cloudflare to fund expansion initiatives and generate superior returns.

Common Stock Shares Outstanding Over Time

Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Cloudflare uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Cloudflare Debt Ratio

64.0

It appears slightly above 36% of Cloudflare's assets are financed be debt. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Cloudflare's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Cloudflare, which in turn will lower the firm's financial flexibility.

Corporate Bonds Issued

	MPLX LP 4125 US55336VAK61	View
	MPLX LP 52 US55336VAL45	View
	Morgan Stanley 3591 US61744YAK47	View

Cloudflare Short Long Term Debt Total

Short Long Term Debt Total

3.89 Billion

Short and Long Term Debt Total is currently estimated at 3.89 Billion, marking a shift of 4.76%. Year-ago financials show Cloudflare with Short and Long Term Debt Total of 3.7 Billion.

Stock Analysis Methodology

As a large-cap equity, Cloudflare is assessed across valuation, solvency, and efficiency dimensions. Cloudflare operates in Application Software within Software - Infrastructure in Information Technology. Cloudflare trades at P/B of 51.25, P/S of 34.49. Profitability metrics show ROE of -8.16%, net margin of -4.72%, operating margin of -7.02%. Balance sheet indicators include debt-to-equity of 2.64 and current ratio of 5.35. Financial distress probability is estimated at 10%, indicating low near-term solvency risk. A beta of -0.9826 indicates low sensitivity to broad market moves. Sharpe ratio of 0.0645 reflects the risk-adjusted return profile.

This section for Cloudflare is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board

Last reviewed on February 21st, 2026

Current Cloudflare Analyst Rating Consensus

Target Price	Consensus	# of Analysts
232.43	Buy	34	Odds

Analyst recommendations for Cloudflare are summarized across multiple research providers. Average analyst consensus is included for context. Sell-side analysts covering Cloudflare typically assign buy, hold, or sell ratings alongside a 12-month price target. These estimates for Cloudflare are revised regularly based on earnings results, guidance updates, and changes in the competitive landscape.

Cloudflare Analyst Advice Details