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NET

NETCloudflare, Inc.

NYSE

Technology · Software - Infrastructure

$224.94+3.00%
Mkt Cap: $79.84B

Cloudflare, Inc. (NET) stock trades at $224.94, up 3.00% on the day. With a market capitalization of $79.84 billion, NET is a large-cap technology stock. It trades at a forward P/E of 142.9 and earnings per share (EPS) of $-0.25. Over the most recent period the company reported 34% year-over-year revenue growth and a net profit margin of -3.7%. Below you'll find NET's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.

Price & Performance

Performance

Analysis & Verdict

Cloudflare, Inc. (NET) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

Cloudflare, Inc. (NET) operates in the Software - Infrastructure space within the Technology sector. With a market cap of $79.8B, it qualifies as a mid-cap company. Revenue is expanding quickly, but the company has yet to translate that growth into consistent profits — a common risk in high-growth early-stage businesses.

Bull Case1
  • Revenue grew 34% year-over-year — exceptional top-line expansion
Bear Case5
  • Negative profit margin of -3.7% — company is currently unprofitable
  • Negative ROE of -5.9% — shareholder equity is being eroded
  • High debt-to-equity of 230.86× increases financial risk, especially with elevated interest rates
  • No dividend history — total return depends entirely on price appreciation
  • High beta of 1.67 — this stock is significantly more volatile than the broader market

Verdict

Avoid

Significant fundamental concerns outweigh positives. High risk at current levels.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Fair Value Estimates

Current price: $224.94

Graham Number

√(22.5 × EPS × Book Value)

N/A

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

N/A

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

3/10

43% score

Pays dividends

No dividend history found

Dividend consistency (5Y+)

Uninterrupted dividend payments for at least 5 years

ROE above 10%

-5.9%

Return on equity — measures how efficiently capital is used

Positive profit margin

-3.7%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+33.5%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

230.86×

Low financial leverage reduces risk of distress

Current ratio above 1

1.96×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$1.0B/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

Stock must distribute income to shareholders

Financials

Revenue & Results

Key Statistics

Market Cap$79.84B
P/E Ratio
Forward P/E142.93
P/B Ratio
PEG Ratio2.38

Earnings

Next Earnings

Jul 30, 2026

36

days

EPS (TTM)

$-0.25

P/E (TTM)

Fwd P/E

142.9

SEC Filings & Reported Financials

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Insider Transactions

SEC Form 4 · officers, directors & 10% owners

Dividends & Income

Dividends

This stock does not pay dividends.

Tools & Simulators

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

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About Cloudflare, Inc.

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides a cloud-based security solution to secure a range of combination of platforms, including public and private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and application security products comprising web application firewall, bot management, distributed denial of service mitigation, API security, SSL/TLS encryption, client-side security, and security center products. It also offers application performance solutions, such as content delivery, load balancing, DNS, smart shield, video stream delivery, web optimization, cloudfare waiting room, and cloudfare data localization suite; SASE platform that combines network services and Zero Trust and workplace security products that provides a cloud-based network and security-as-a-service; network services, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust security services which include cloudflare zero trust network access, secure web gateway, and one client; and remote browser isolation, cloud access security broker, cloud email security, digital experience monitoring, and data loss prevention products. Further, it provides developer-based solutions comprising workers AI, vectorize, AI gateway, cloudflare workers, cloudflare pages, R2 object storage, workers KV, durable objects, D1, hyperdrive, queues, cloudfare stream, cloudfare images, and cloudflare realtime; and consumer offerings, such as 1.1.1.1 DNS and with WARPm and cloudfare registrar that offers secure registration and management of domain names. The company serves customers in technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. The company was incorporated in 2009 and is headquartered in San Francisco, California.

Sector

Technology

Industry

Software - Infrastructure

Location

San Francisco, United States

Employees

5,483

Listed on NYSE

NET — Frequently Asked Questions

Is Cloudflare, Inc. (NET) a good stock to buy in 2026?

Cloudflare, Inc. (NET) shows strengths such as revenue growth of 34%, while risks include negative profit margins and high leverage (debt/equity of 230.9). Whether NET is a good buy in 2026 depends on your time horizon and risk tolerance — review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.

What is NET's stock price today?

Cloudflare, Inc. (NET) trades at $224.94, up 3.00% on the session. Prices on this page update throughout the trading day.

Does NET pay a dividend?

No. Cloudflare, Inc. (NET) does not currently pay a dividend, so the return comes entirely from share-price appreciation.

What is NET's market cap?

Cloudflare, Inc. (NET) has a market capitalization of $79.84 billion, classifying it as a large-cap stock in the Technology sector.

Disclaimer: This page — including any buy/hold/avoid view, fair value or price estimate — is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.