NYSE · NET
Cloudflare, Inc.
Technology · Software - Infrastructure
$280.70▼ 9.54% ($29.60)at close
Pre-market$287.50▲ 2.42%4:01 AM ET
Valuation
Revenue & margin DCF
A cash-flow estimate wouldn't be reliable here
Every projected year produces negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
Data notes
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
- 10-yr revenue CAGR
- 18.5%
- Ending operating margin
- 0.0%
- Discount rate
- 11.5%
USD · TTM ending Jun 30, 2026 · Price used $280.70 · Price Oct 30, 8:02 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 26.16% over the last year. Revenue grew 33.53% over the trailing twelve months. Operating margin moved from -9.89% to -14.11%. Free cash flow grew 111.31% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (79th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -14.11% — continued expansion would be needed to justify the premium. Revenue growth of 33.53% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Cloudflare, Inc. functions as a global provider of cloud-based services.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
29
Buy
10
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 5, 2026
Q3 FY26 · EPS est $0.34 · Revenue est $736.8M
Same quarter, year over year
FY26 YTD +45.9%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $0.54 vs $0.37 · all 2 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
—
FY25
FY24
FY23
—
—
—
Fiscal year totals
- FY25
- $0.92
- +22.7%
- FY24
- $0.75
- —
Q2 FY26
Reported Aug 6, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.29
Estimate
$0.27
Year over year
+38.1%
Vs prior quarter
+16.0%
Institutional Sentiment
Cloudflare, Inc. · NET
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.