Cloudflare (NYSE:NET – Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.160-0.160 for the period, compared to the consensus earnings per share estimate of 0.180. The company issued revenue guidance of $468.0 million-$469.0 million, compared to the consensus revenue estimate of $474.1 million. Cloudflare also updated its FY 2025 guidance to 0.790-0.800 EPS.
Wall Street Analyst Weigh In
NET has been the subject of a number of recent analyst reports. Baird R W downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company raised their price objective on shares of Cloudflare from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Piper Sandler increased their target price on shares of Cloudflare from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on Cloudflare from $99.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on Cloudflare from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.32.
Check Out Our Latest Analysis on NET
Cloudflare Trading Down 2.1 %
Cloudflare (NYSE:NET – Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. As a group, equities research analysts anticipate that Cloudflare will post -0.1 earnings per share for the current year.
Insider Activity
In other Cloudflare news, insider Douglas James Kramer sold 2,481 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $131.66, for a total value of $326,648.46. Following the transaction, the insider now owns 175,688 shares in the company, valued at $23,131,082.08. The trade was a 1.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas J. Seifert sold 28,635 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $95.03, for a total value of $2,721,184.05. Following the sale, the chief financial officer now owns 252,869 shares of the company’s stock, valued at $24,030,141.07. This represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 633,738 shares of company stock worth $69,632,506. 12.83% of the stock is currently owned by corporate insiders.
Cloudflare Company Profile
Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides 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; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.
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