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    Cloudflare Inc (NET)

    Official site

    TECHNOLOGY • SOFTWARE - INFRASTRUCTURE • NYSE

    $316.41
    -7.92 (-2.44%)

    Market Cap: $115.49B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    83%(24/29)
    Avg Surprise
    -175.89%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.34
    Range$0.34 - $0.37
    29 analysts
    EPS Revisions
    1
    0
    7d
    28
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.32+6.5%
    60d ago$0.34+0.1%
    30d ago$0.340.0%
    7d ago$0.340.0%
    Current$0.34
    Revenue Consensus
    $738M
    Range$736M - $768M
    28 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.42
    Range$0.40 - $0.47
    32 analysts
    Revenue Consensus
    $844M
    Range$839M - $917M
    31 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.42---
    Sep 26EST
    		-$0.34---
    Jun 26
    Reported Aug 5
    		$-0.05$-0.03-66.67%Miss-123.8%
    Mar 26
    Reported May 7
    		$0.25$0.23+8.70%Beat+56.3%
    Dec 25
    Reported Feb 10
    		$0.28$0.27+3.70%Beat+47.4%
    Sep 25
    Reported Oct 30
    		$0.27$0.23+17.39%Beat+35.0%
    Jun 25
    Reported Jul 31
    		$0.21$0.18+16.67%Beat+5.0%
    Mar 25
    Reported May 8
    		$0.16$0.16+0.00%Beat+0.0%
    Dec 24
    Reported Feb 6
    		$0.19$0.18+5.56%Beat+26.7%
    Sep 24
    Reported Nov 7
    		$0.20$0.18+11.11%Beat+25.0%
    Jun 24
    Reported Aug 1
    		$0.20$0.14+42.86%Beat+100.0%
    Mar 24
    Reported May 2
    		$0.16$0.13+23.08%Beat+100.0%
    Dec 23
    Reported Feb 8
    		$0.15$0.12+25.00%Beat+150.0%
    Sep 23
    Reported Nov 2
    		$0.16$0.10+60.00%Beat+166.7%
    Jun 23
    Reported Aug 3
    		$0.10$0.07+42.86%Beat+151.2%
    Mar 23
    Reported Apr 27
    		$0.08$0.03+166.67%Beat+700.0%
    Dec 22
    Reported Feb 9
    		$0.06$0.05+20.00%Beat+124.8%
    Sep 22
    Reported Nov 3
    		$0.06$0.00+1664.71%Beat+117.6%
    Jun 22
    Reported Aug 4
    		$-0.20$-0.01-1854.00%Miss-877.0%
    Mar 22
    Reported May 5
    		$0.01$0.00+669.23%Beat+133.3%
    Dec 21
    Reported Feb 10
    		$-0.24$-0.00-5525.58%Miss-1109.5%
    Sep 21
    Reported Nov 4
    		$-0.34$-0.04-753.00%Miss-1606.0%
    Jun 21
    Reported Aug 5
    		$-0.02$-0.04+50.00%Beat+33.3%
    Mar 21
    Reported May 6
    		$-0.03$-0.03+0.00%Beat+25.0%
    Dec 20
    Reported Feb 11
    		$-0.02$-0.04+50.00%Beat+66.7%
    Sep 20
    Reported Nov 5
    		$-0.02N/A+60.00%Beat+87.5%
    Jun 20
    Reported Aug 6
    		$-0.03$-0.06+50.00%Beat+50.0%
    Mar 20
    Reported May 7
    		$-0.04$-0.06+33.33%Beat-
    Dec 19
    Reported Feb 13
    		$-0.06$-0.07+14.29%Beat-
    Sep 19
    Reported Nov 7
    		$-0.16$-0.15-6.67%Miss-
    Jun 19
    Reported Sep 13
    		$-0.06N/A+70.00%Beat-

    Key Metrics

    Valuation
    P/E Ratio421.88EV/EBITDAN/A
    Price/FCF321.79xFCF Yield0.31%
    Profitability
    Profit Margin-8.21%Operating Margin-7.60%
    ROE-14.40%ROIC-7.20%
    Financial Health
    Debt/Equity2.02xInterest Coverage-33.40x
    Current Ratio1.82xQuick Ratio1.82x
    Trading Statistics
    Beta1.65Avg Volume2.92M
    52-Week High$370.3552-Week Low$158.83

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$344.87
    SMA 20$347.08
    SMA 50$319.69
    SMA 200$241.76
    EMA 10$339.82
    EMA 20$339.00
    EMA 50$320.41
    EMA 200$259.61

    MACD

    Line: 4.79Signal: 10.19Hist: -5.40

    ADX

    ADX: 19.8+DI: 17.4-DI: 28.4

    Aroon & PSAR

    Aroon Up72.0
    Aroon Down4.0
    PSAR$362.33

    Bollinger Bands

    Upper Band$371.34
    Lower Band$322.82
    %B Position1398%(Upper)
    Band Width-0.13

    RSI (14-Day)

    Neutral
    42.0

    Momentum Oscillators

    Stoch %K17.4
    Stoch %D30.5
    Williams %R-82.6
    ROC (10d)-9.9%
    Momentum-34.59
    CCI (20d)-274.8
    MFI (14d)36.4

    Volatility Measures

    ATR (14d)$16.72(5.3%)
    StdDev (20d)12.13
    Hist Vol53.2%(High)

    Volume Flow

    VWAP$312.89
    OBV148.2M
    AD Line67.7M
    CMF (20d)-0.021

    Volume Metrics

    Avg Vol (20d)2.9M
    Vol Ratio1.5x(High)
    VWMA (20d)$345.35

    Pivot Points

    R3$363.54
    R2$355.16
    R1$339.75
    Pivot Point$331.37
    S1$315.96
    S2$307.58
    S3$292.17

    Advanced Oscillators

    TSI8.45
    Ultimate Osc42.6
    KST111.03

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$696.06M$639.75M$614.51M$562.03M$512.32M$479.09M$459.95M$430.08M$401.00M$378.60M$362.47M$335.60M
    Cost of Revenue$196.54M$184.16M$161.96M$146.32M$128.68M$115.58M$108.69M$95.97M$89.01M$85.04M$83.28M$78.07M
    Gross Profit$499.52M$455.60M$452.55M$415.71M$383.64M$363.51M$351.26M$334.12M$311.99M$293.56M$279.19M$257.53M
    Operating Expenses$705.21M$517.59M$501.79M$453.17M$450.90M$416.76M$385.98M$364.91M$346.68M$348.11M$322.02M$296.75M
    R&D$159.49M$150.97M$141.89M$120.96M$134.56M$115.09M$120.21M$110.91M$102.55M$87.70M$96.40M$90.59M
    SG&A$118.91M$95.02M$108.76M$95.91M$96.99M$87.66M$73.80M$68.78M$69.64M$66.31M$60.40M$55.94M
    Operating Income$-205,696,000$-61,994,000$-49,234,000$-37,460,000$-67,264,000$-53,247,000$-34,719,000$-30,794,000$-34,698,000$-54,550,000$-42,829,000$-39,212,000
    Interest Income$39.93M$40.17M$41.88M$42.53M$25.41M$21.40M$21.99M$22.47M$21.71M$21.25M$20.19M$17.95M
    Interest Expense$2.18M$2.56M$2.89M$2.91M$5.43M$1.44M$1.45M$1.43M$1.22M$1.10M$1.07M$1.14M
    Income Before Tax$-167,940,000$-21,401,000$-10,508,000$1.85M$-47,289,000$-36,759,000$-10,843,000$-12,822,000$-13,932,000$-33,274,000$-25,811,000$-22,281,000
    Income Tax Expense$2.04M$1.53M$1.57M$3.14M$3.16M$1.70M$2.00M$2.51M$1.15M$2.27M$2.05M$1.25M
    Net Income$-169,981,000$-22,927,000$-12,077,000$-1,290,000$-50,446,000$-38,454,000$-12,848,000$-15,331,000$-15,078,000$-35,543,000$-27,865,000$-23,535,000
    EBITDA$-111,268,000$24.86M$25.09M$30.99M$-2,035,000$3.24M$18.86M$8.60M$3.79M$-16,930,000$-4,547,000$177,000
    EBIT$-205,696,000$-59,004,000$-49,506,000$-37,767,000$-67,264,000$-56,715,000$-31,386,000$-33,860,000$-34,429,000$-53,426,000$-44,932,000$-39,097,000
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $982083
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    2
    New Awards (TTM)
    1
    Avg Remaining Term
    3.8 mo

    Top agency: General Services Administration at 99.9% of trailing twelve month obligations across 2 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HQ085926FG106Department of DefenseMissile Defense Agency$500Jan 21, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Weekly Recap: JPMorgan forecasts high-30% revenue growth and Deno acquisition

    JPMorgan has named Cloudflare Inc. (NYSE: NET) a software pick, projecting high-30% revenue growth due to AI-driven demand. Cloudflare also acquired Deno, integrating its team and runtime into Workers...

    TradingView•10/13/26•Somewhat-Bullish

    A co-chair exercises $2.04 options while her trust sells Cloudflare (NET) shares.

    Cloudflare (NET) President and Board Co-Chair Michelle Zatlyn's revocable trust sold 99,009 Class A shares between October 5 and October 7, 2026...

    Stock Titan•10/7/26•Somewhat-Bearish

    Form 4 Cloudflare Inc For: 7 October By Investing.com

    This article from Investing.com reports on a Form 4 filing for Cloudflare Inc. on October 7, 2026. The brief piece includes the stock symbol NET and its price performance...

    Investing.com Canada•10/7/26•Neutral

    Cloudflare Inc Stock (NET) Moved Down by 3.19% on Oct 7: Key Drivers Unveiled

    Cloudflare Inc (NET) stock fell by 3.19% on October 7th, driven by profit-taking after a strong rally, cautious investor sentiment due to insider stock sales...

    TradingKey•10/7/26•Somewhat-Bearish

    Michelle Zatlyn Executes Cloudflare Stock Sales and Option Exercises Oct 5-7 Under 10b5-1 Plan

    Michelle Zatlyn, Cloudflare's President and Board Co-Chair, executed stock sales and option exercises from October 5-7, 2026...

    Kalkine Media•10/7/26•Neutral

    NET Valuation and Fair Value

    P/E
    421.9x
    Forward P/E
    178.6x
    P/FCF
    321.8x
    PEG
    2.4x
    P/B
    69.2x
    See GNG's fair value

    NET Profitability: Margins, ROIC and FCF

    Gross margin
    72.6%
    Operating margin
    -7.6%
    Net margin
    -8.2%
    ROIC
    -7.2%
    ROE
    -14.4%
    FCF margin
    13.9%
    FCF yield
    0.3%

    NET Competitors

    CompanyTicker
    Snowflake Inc.SNOW
    Automatic Data Processing IncADP
    Corning IncorporatedGLW
    ASE Industrial Holding Co Ltd ADRASX
    Accenture plcACN
    Datadog IncDDOG
    Fortinet IncFTNT
    Adobe Inc.ADBE

    Sector: Technology

    NET Analyst Ratings

    Consensus
    Buy
    Analysts
    34
    Strong Buy
    7
    Buy
    16
    Hold
    8
    Sell
    1
    Strong Sell
    2

    NET Bull Case vs Bear Case

    Bull case

    • NET beat EPS estimates in 75.0% of its last 8 reported quarters.
    • NET grew quarterly revenue 35.9% year over year.
    • 67.6% of NET's analyst ratings are Buy or Strong Buy.

    Bear case

    • NET trades at 421.9x trailing earnings.
    • NET has a -8.2% net profit margin.
    • NET has a debt-to-equity ratio of 2.0x.

    NET Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    -0.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.34
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    28 up, 1 down

    Frequently Asked Questions About NET

    Does NET pay dividends?

    Cloudflare Inc (NET) does not currently pay a regular dividend.

    What is NET's P/E ratio?

    Cloudflare Inc has a price-to-earnings (P/E) ratio of 421.88.

    What is NET's market cap?

    Cloudflare Inc (NET) has a market capitalization of $115.49B with a current stock price of $316.41.

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