NYSE: NET
Cloudflare, Inc.
Technology · Software - Infrastructure
Market Cap
$79.55B
52w High
$276.82
52w Low
$158.83
P/E
-911.08
Volume
2.56M
Outstanding Shares
354.94M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 23.52% over the last year. Revenue grew 31.55% over the trailing twelve months. Operating margin moved from -8.67% to -9.27%. Free cash flow grew 93.04% 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 (70th 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 -9.27% — continued expansion would be needed to justify the premium. Revenue growth of 31.55% 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.
Company profile
Cloudflare, Inc. functions as a global provider of cloud-based services.
Valuation
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
28
Buy
10
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $0.27 · Revenue est $664.67M
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