NET

Company Overview — What Does Cloudflare, Inc. Do?

CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Cloudflare, Inc. (NET) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Matthew B. Prince and employs approximately 3,220 people. With a market capitalization of $72.3B, NET is one of the prominent companies in the Technology sector.

Cloudflare, Inc. (NET) Stock Rating — Hold (April 2026)

As of April 2026, Cloudflare, Inc. receives a Hold rating with a composite score of 38.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.NET ranks #1,284 out of 4,446 stocks in our coverage universe. Within the Technology sector, Cloudflare, Inc. ranks #138 of 584 stocks, placing it in the top quartile of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NET Stock Price and 52-Week Range

Cloudflare, Inc. (NET) currently trades at $167.90. The stock lost $25.15 (13.0%) in the most recent trading session. The 52-week high for NET is $260.00, which means the stock is currently trading -35.4% from its annual peak. The 52-week low is $89.42, putting the stock 87.8% above its annual trough. Recent trading volume was 13.8M shares, indicating strong institutional interest and high liquidity.

Is NET Overvalued or Undervalued? — Valuation Analysis

Cloudflare, Inc. (NET) carries a value factor score of 36/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 52.18x, versus the sector average of 3.16x. The price-to-sales ratio is 38.38x, compared to 1.06x for the average Technology stock. On an enterprise value basis, NET trades at 603.28x EV/EBITDA, versus 12.79x for the sector.

At current multiples, Cloudflare, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Cloudflare, Inc. Profitability — ROE, Margins, and Quality Score

Cloudflare, Inc. (NET) earns a quality factor score of 33/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -7.2%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -1.8% versus the sector average of -1.0%.

On a margin basis, Cloudflare, Inc. reports gross margins of 75.6%, compared to 50.9% for the sector. The operating margin is -9.5% (sector: -0.5%). Net profit margin stands at -5.4%, versus -1.5% for the average Technology stock. Revenue growth is running at 40.2% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NET Debt, Balance Sheet, and Financial Health

Cloudflare, Inc. has a debt-to-equity ratio of 314.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.98x, suggesting adequate working capital coverage. Total debt on the balance sheet is $3.26B. Cash and equivalents stand at $1.05B.

NET has a beta of 1.62, meaning it is more volatile than the broader market — a $10,000 investment in NET would be expected to move 61.7% more than the S&P 500 on any given day. The stability factor score for Cloudflare, Inc. is 44/100, reflecting average volatility within the normal range for its sector.

Cloudflare, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Cloudflare, Inc. reported revenue of $1.98B and earnings per share (EPS) of $-0.29. Net income for the quarter was $-106M. Gross margin was 75.6%. Operating income came in at $-189M.

In FY 2025, Cloudflare, Inc. reported revenue of $2.17B and earnings per share (EPS) of $-0.29. Net income for the quarter was $-102M. Gross margin was 74.5%. Revenue grew 29.8% year-over-year compared to FY 2024. Operating income came in at $-207M.

In Q3 2025, Cloudflare, Inc. reported revenue of $562M and earnings per share (EPS) of $0.00. Net income for the quarter was $-1M. Gross margin was 74.0%. Revenue grew 30.7% year-over-year compared to Q3 2024. Operating income came in at $-37M.

In Q2 2025, Cloudflare, Inc. reported revenue of $512M and earnings per share (EPS) of $-0.15. Net income for the quarter was $-50M. Gross margin was 74.9%. Revenue grew 27.8% year-over-year compared to Q2 2024. Operating income came in at $-67M.

Over the past 8 quarters, Cloudflare, Inc. has demonstrated a growth trajectory, with revenue expanding from $401M to $1.98B. Investors analyzing NET stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NET Dividend Yield and Income Analysis

Cloudflare, Inc. (NET) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

NET Momentum and Technical Analysis Profile

Cloudflare, Inc. (NET) has a momentum factor score of 56/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 26/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

NET vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Cloudflare, Inc. (NET) ranks #138 out of 584 stocks based on the Blank Capital composite score. This places NET in the top quartile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing NET against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NET vs S&P 500 (SPY) comparison to assess how Cloudflare, Inc. stacks up against the broader market across all factor dimensions.

NET Next Earnings Date

No upcoming earnings date has been announced for Cloudflare, Inc. (NET) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NET? — Investment Thesis Summary

Cloudflare, Inc. presents a balanced picture with arguments on both sides. The quality score of 33/100 flags below-average profitability. The value score of 36/100 indicates premium valuation.

In summary, Cloudflare, Inc. (NET) earns a Hold rating with a composite score of 38.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NET stock.

Related Resources for NET Investors

Explore more research and tools: NET vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NET head-to-head with peers: NET vs IHS, NET vs VRSN, NET vs ESE.