Cloudflare, Inc.

New York Stock Exchange
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Slightly Bullish +25

Cloudflare (NET) Projected to Release Earnings on Wednesday

📅 Cloudflare is scheduled to release Q2 2026 earnings after market close on Wednesday, August 5th.

💰 Analysts project Q2 EPS of $0.2684 and revenue of $664.67 million for the upcoming quarter.

📈 Q1 2026 revenue reached $639.75 million, marking a 33.5% increase compared to the same period last year.

📉 The company reported a negative net margin of 3.72% and negative return on equity of 5.65% in Q1.

🏦 Institutional ownership is high at 82.68%, with Brown Brothers Harriman increasing its stake by 55.4% recently.

📊 The stock opened at $282.91, trading above its 50-day moving average of $251.41 and 200-day average of $216.01.

🔍 Analyst ratings are divided, with Zacks Research upgrading to 'strong-buy' while Weiss Ratings maintains a 'sell' rating.

🎯 TD Cowen raised its price target to $300.00 and issued a 'buy' rating on Monday, July 13th.

🛡️ Cloudflare has expanded its offerings into edge computing and developer platforms alongside core security services.

📉 Analysts currently expect zero EPS for both the current and next fiscal years.

Bullish Signals
  • Revenue grew 33.5% year-over-year in Q1 2026, reaching $639.75 million against a consensus estimate of $620.83 million.
  • Zacks Research upgraded Cloudflare from a 'hold' to a 'strong-buy' rating on July 20th.
  • TD Cowen increased its price objective from $265.00 to $300.00 and assigned a 'buy' rating.
  • Brown Brothers Harriman & Co. significantly increased its stake by 55.4% in the third quarter, now owning 157 shares valued at $34,000.
  • The stock price of $282.91 is trading above both its 50-day moving average ($251.41) and 200-day moving average ($216.01).
  • Institutional investors maintain a dominant 82.68% ownership stake in the company.
Risk Factors
  • The company reported a negative net margin of 3.72% and a negative return on equity of 5.65% for Q1 2026.
  • Analysts project zero EPS for both the current fiscal year and the next fiscal year.
  • Weiss Ratings restated its rating to 'sell (d-)' in a research note dated July 17th.
  • Guggenheim reiterated a 'sell' rating with a price target of $140.00, significantly below the current trading price.
  • Benchmark cut Cloudflare to an 'underperform' rating on July 7th.
  • The P/E ratio is -1,131.64 due to negative earnings, indicating high valuation risk relative to current profitability.
Full Analysis
Cloudflare (NYSE:NET) is projected to release its Q2 2026 earnings after market close on Wednesday, August 5th, with an analyst consensus EPS estimate of $0.2684 and revenue of $664.67 million. The company previously reported Q1 2026 results on May 7th, beating EPS estimates by $0.02 to report $0.25 per share on revenue of $639.75 million, which represented a 33.5% year-over-year increase. Financial metrics for the most recent quarter show a negative net margin of 3.72% and a negative return on equity of 5.65%. Analysts currently expect zero EPS for both the current and next fiscal years, though the stock trades at a market capitalization of $100 billion with a P/E ratio of -1,131.64. The share price opened at $282.91, trading above its 50-day moving average of $251.41. Institutional ownership stands at 82.68%, with recent activity including significant stake increases from Brown Brothers Harriman & Co., which raised its position by 55.4% to own 157 shares valued at $34,000. Analyst sentiment is mixed, ranging from a 'strong-buy' rating from Zacks Research and a price target increase to $300 by TD Cowen, to 'sell' ratings from Weiss Ratings and Guggenheim. Cloudflare continues to expand its web infrastructure portfolio beyond traditional CDN and DDoS protection into edge computing and developer platforms. The company offers a suite of services including managed DNS, web application firewalls, bot management, and SSL/TLS tools designed to improve the performance and security of internet properties.