Cloudflare Inc. (NET)

NYSE: NET · USD

$293

-8.38 (-2.8%)· Recorded snapshot

Coverage state: Latest published research available

Market snapshot recorded 2026-08-06 02:00 UTC. Latest published research analyzed 2026-05-09 · historical · sources unverified. Prices and fundamentals on this server-rendered page are dated snapshots, not a real-time trading feed.

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StockMarketAgent Research · Analyzed 2026-05-09

Our latest published analysis: NET rated Sell

NET is rated Sell at $196.13 versus the reconciled fair value midpoint of $76.84, implying -60.82% upside/downside. Confidence is separately disclosed at 48/100.

Fair value (mid)

$76.8 / share

$52.8 – $106

Upside to FV

-60.8%

from $293

Confidence

48/100

Moat

6.5/10

Market cap	$69.3B
Revenue (ttm)	2.3B
Net income (ttm)	-86.7M
EPS (ttm)	-$0.25
Shares out	354.9M
P/E (forward)	136.0x
Volume	3,957,547
Beta	1.67
Price target	$265	-9.5%

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.3B
Net income (ttm): -86.7M
EPS (ttm): -$0.25
P/E (forward): 136.0x
Market cap: $69.3B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$975.2M	$1.30B	$1.67B	$2.17B	+30.5%
Gross profit	$742.6M	$989.7M	$1.29B	$1.62B	+29.6%
Operating income	$-201.2M	$-185.5M	$-154.8M	$-207.2M	—
Net income	$-193.4M	$-183.9M	$-78.8M	$-102.3M	—
EPS (diluted)	$-0.59	$-0.55	$-0.23	$-0.29	—
EBITDA	$-83.4M	$-36.2M	$62.0M	$105.8M	—
R&D	$298.3M	$358.1M	$421.4M	$512.5M	+19.8%
SG&A	$645.5M	$817.1M	$1.02B	$1.31B	+26.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AI	C3.ai, Inc.	1.6B	—	6.3x	-37.8%	+6.4%	-56.0%	Strong Buy
CRWD	CrowdStrike Holdings Inc.	218.3B	—	42.9x	-31.9%	+38.5%	+89.9%	Sell
ESTC	Elastic N.V.	7.8B	21.9x	4.5x	-10.0%	+23.4%	-6.9%	Strong Buy
AAPL	Apple Inc.	4.6T	35.9x	9.8x	101.6%	+6.1%	+47.5%	Sell
ACN	Accenture plc	107.5B	14.1x	1.5x	27.1%	+8.8%	-26.7%	Buy
ADBE	Adobe Inc.	105.4B	15.2x	4.2x	60.7%	+11.9%	-23.3%	Strong Buy

All NET indicators

Market & fundamental data

Available fields

245

Groups with data

Currency

USD

Showing 245 of 245 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0001477333
Company name	Cloudflare, Inc.
Country	United States
Country code	US
Cusip	18915M107
Employees	5,156
Employees Change	893%
Employees Change Percent	20.95
Enterprise value	$103.3B
Exchange	NYSE
Financial currency	USD
First seen	2026-05-09
Industry	Software - Infrastructure
Industry PE	36.61
Industry PE Fwd	27.91
IPO Date	2019-09-13
Isin	US18915M1071
Last refreshed	2026-08-06
Market cap	$104B
Market cap category	Large-Cap
Price	$293
Price currency	USD
Rev Per Employee	451,630.14x
Sector	Technology
Sector PE	36.14
Sector PE Fwd	20.74
Sic	7372
Symbol	NET
Website	https://www.cloudflare.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	-0.08%
EV Sales Forward	34.51x
EV/EBITDA	962.47x
EV/FCF	333.43x
EV/Sales	44.38x
FCF yield	0.3%
Forward P/E	225.48x
P/B ratio	67.81x
P/S ratio	44.65x
PEG ratio	5.06x
PS Forward	34.72x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	-9.27%
EBITDA Margin	4.61%
FCF margin	13.31%
Gross margin	73.33%
Gross Profit	$1.7B
Gross Profit Growth	25.47%
Gross Profit Growth Q	25.33%
Gross Profit Growth3 Y	28.9%
Gross Profit Growth5 Y	36.11%
Net Income	$-86.7M
Net Income Growth Quarters	3%
Net Income Growth Years	0%
Pretax Margin	-3.32%
Profit Margin	-3.72%
Profit Per Employee	$-16,823
ROA	-2.65
Roa5y	-3.82
ROCE	-5.75
ROE	-5.88
Roe5y	-20.46
ROIC	-3.3

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr1y	40.34%
Cagr3y	61.51%
Cagr5y	19.55%
EPS Growth Quarters	2
EPS Growth Years	0
FCF Growth	59.75%
FCF Growth Q	52.56%
FCF Growth3 Y	74.02%
OCF Growth	36.02%
OCF Growth Q	8.61%
OCF Growth3 Y	46.58%
OCF Growth5 Y	97.21%
Revenue Growth	31.55x
Revenue Growth Q	33.54x
Revenue Growth Quarters	27x
Revenue Growth Years	9x
Revenue Growth3 Y	30.27x
Revenue Growth5 Y	37.26x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$0.47
Assets	$6.2B
Cash	$4.2B
Current Assets	$4.7B
Current Liabilities	$2.4B
Debt	$3.5B
Debt EBITDA	$32.82
Debt Equity	$2.31
Debt FCF	$11.37
Equity	$1.5B
Interest Coverage	-21.84
Liabilities	$4.6B
Long Term Assets	$1.4B
Long Term Liabilities	$2.2B
Net Cash	$639.3M
Net Cash By Market Cap	$0.61
Net Cash Growth	45.64%
Net Debt EBITDA	$-5.95
Net Debt Equity	$-0.42
Net Debt FCF	$-2.06
Tangible Book Value	$1.3B
Tangible Book Value Per Share	$3.55
WACC	13.01

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	1.96
Net Working Capital	$-492M
Quick ratio	1.89
Working Capital	$2.3B
Working Capital Turnover	$1.13

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	-2.03%
Dividend Yield	0%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1Y total return	40.31%
200-day SMA	214.4
3Y total return	321.4%
50-day SMA	253.9
50-day SMA vs 200-day SMA	50over200
5Y total return	144.13%
All Time High	305
All Time High Change	-3.95%
All Time High Date	2026-08-05
All Time Low	14.5
All Time Low Change	1,920.41%
All Time Low Date	2019-10-21
ATR	14.91
Beta	1.67
Beta1y	0.33
Beta2y	1.38
Ch YTD	48.6
High	305
High52	305
High52 Date	2026-08-05
High52ch	-3.95%
Low	291
Low52	158.8
Low52 Date	2026-02-23
Low52ch	84.45%
Ma50ch	15.38%
Premarket Change Percent	0.55
Premarket Price	$303
Premarket Volume	23,953
Price vs 200-day SMA	36.61%
RSI	64.62
RSI Monthly	73.53
RSI Weekly	66.43
Sharpe ratio	0.8x
Sortino ratio	1.22
Total Return	-2.03%
Tr YTD	48.6
Tr1m	20.85%
Tr1w	8.35%
Tr3m	30.69%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	34
Analyst Count Top	27
Analyst Price Target Top	$267
Analyst Ratings	Buy
Analyst Ratings Top	Buy
Earnings EPS Estimate	$0.21
Earnings EPS Estimate Growth	0
Earnings Revenue Estimate	666,174,328x
Earnings Revenue Estimate Growth	30.03x
Operating Income	$-209.8M
Operating margin	-9.01
Price target	$265
Price Target Change	$-9.54
Price Target Change Top	$-8.89

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	319,053,724%
Float Percent	89.89%
Net Borrowing	2,000,000,000
Shares Insiders	9.8%
Shares Institutions	81.13%
Shares Out	354,939,564
Shares Qo Q	0.44%
Shares Yo Y	2.03%
Short Float	3.08%
Short Ratio	3
Short Shares	2.77

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$-160.2M
Adjusted OCF	145,500,000
Average Volume	3,037,793x
Bv Per Share	4.32
CAPEX	$-305.7M
Ch1m	20.85
Ch1w	8.35
Ch1y	40.31
Ch3m	30.69
Ch3y	321.4
Ch5y	144.1
Ch6m	75.55
Change	-2.78%
Change From Open	-2.37
Close	301.3
Days Gap	-0.41
Depreciation Amortization	173,549,000
Dollar Volume	1,159,402,969.1
Earnings Date	2026-08-06
Earnings Time	amc
EBIT	$-216M
EBITDA	$107.4M
EPS	$-0.25
F Score	2
FCF	$309.9M
FCF EV Yield	0.3x
FCF Per Share	$0.87
Financing CF	1,990,739,000
Fiscal Year End	December
Founded	2,009
Goodwill	233,491,000
Income Tax	$9.4M
Investing CF	-1,873,068,000
Ipr	1,853.1
Iprfo	1,527.6
Is Primary Listing	1
Is Spac	No
Last Earnings Date	2026-08-06
Last Report Date	2026-03-31
Last Split Type	Never
Last10k Filing Date	2026-02-26
Ma150	215.8
Ma150ch	35.76%
Ma20	274.8
Ma20ch	6.6%
Net CF	733,331,000
Next Earnings Date	2026-10-29
Open	300.1
Optionable	Yes
P FCF Ratio	335.5
P OCF Ratio	168.9
P OCF Ratio SBC	714.7
Position In Range	14
Post Close	293
Postmarket Change Percent	-0.17
Postmarket Price	$292
Ppne	874,422,000
Pre Close	301.3
Price Date	2026-08-05
Price EBITDA	$968
Ptbv Ratio	82.86
Relative Volume	1.3x
Revenue	2,328,605,000x
SBC By Revenue	20.19x
Share Based Comp	470,160,000
Tax By Revenue	0.4x
Tr6m	75.55%
Us State	California
Views	535
Volume	3,957,547
Z Score	8.93

Frequently asked questions

About this NET report

What is the latest published NET stock rating?

Cloudflare Inc. is shown with sell in the latest published report, analyzed 2026-05-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full NET analysis?

The full latest published report, analyzed 2026-05-09, lives at /stocks/NET/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair-value range is used for NET?

The latest published report analyzed 2026-05-09 frames NET around USD 53 to USD 106. This is a dated valuation range, not a live market price; check the valuation, sensitivity, and bear-case tabs before making a decision.

How often is the NET page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Cloudflare Inc. (NET)

Coverage state: Latest published research available

Generate a fresh NET analysis

Our latest published analysis: NET rated Sell

Price

Financial snapshot

Fair-value bridge

Analyst consensus

Latest news · NET

Valuation

Profitability

Balance sheet

Trading

Position sizing & entry playbook

Next earnings

Sector percentile context

All NET indicators

Profile and market data

Valuation

Profitability

Growth

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Analyst estimates

Ownership and float

Other indicators

Deeper analysis on NET

Frequently asked questions