Stocks · Technology · Software - Infrastructure
Cloudflare, Inc. NET
$349.07 -0.55% Close, Oct 2, 2026 · NYSE · Market cap $123.86B
Strong growthStrong trendExpensive vs sector
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $2.51B, up 33.5% from a year earlier.
- Net debt is 48.2× EBITDA, a high level of leverage.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +9.3%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 15%
- FCF growth (TTM, YoY)Top 12%
- Revenue growth, 3-year CAGRTop 11%
- Revenue growth accelerationTop 36%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 24%
- Gross marginTop 23%
- Operating marginBottom 22%
- Accruals (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Bottom 1%
- Interest coverBottom 12%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 40%
- Free-cash-flow yieldBottom 29%
- EBITDA / enterprise valueBottom 29%
- Sales / enterprise valueBottom 5%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 34%
- 6-month returnTop 21%
- 1-year return vs S&P 500Top 24%
- Distance from 52-week highTop 11%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 47%
- Consecutive EPS beatsTop 37%
- Share of analysts rating BuyTop 41%
- Upside to consensus price targetBottom 9%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 43%
- Maximum drawdown, 3 yearsTop 18%
- Beta vs S&P 500 (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Bottom 1%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 31.6% | 33.5% | ↑ |
| Gross margin | 76.1% | 72.6% | ↓ |
| Operating margin | -9.9% | -14.1% | ↓ |
| FCF margin | 9.5% | 15.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 33.5% | 31.6% | ↑ | Top 15% |
| Gross margin | 72.6% | 76.1% | ↓ | Top 23% |
| Operating margin | -14.1% | -9.9% | ↓ | Bottom 22% |
| Net margin | -8.2% | -6.2% | ↓ | — |
| Free-cash-flow margin | 15.1% | 9.5% | ↑ | — |
| Return on invested capital | -6.8% | — | Bottom 24% | |
| Revenue growth, 3-year CAGR | 30.5% | — | Top 11% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -14.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 20.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +3.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 48.24×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -30.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.02%
- Shareholder yield
- -0.02%
- Share count change, 1 year
- +2.0%
- Share count change, 3-year CAGR
- +2.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +9.3%
- Average 2-day reaction, last 8
- +1.1%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $322.95
- Target vs current price
- -7.5%
- Analysts with a rating
- 41
- Share rating Buy or Strong Buy
- 71%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +8.0% | -2.9% | +6.3% | -6.9% | — |
| May 7, 2026 | +8.4% | +3.3% | -22.5% | +8.1% | +13.7% |
| Feb 10, 2026 | +3.2% | +3.6% | +11.5% | +19.4% | +43.1% |
| Oct 30, 2025 | +17.3% | -2.1% | +0.5% | -13.4% | -9.4% |
| Jul 31, 2025 | +14.5% | +3.4% | +7.3% | +2.2% | +8.1% |
| May 8, 2025 | -2.3% | +2.1% | +26.9% | +44.9% | +71.6% |
| Feb 6, 2025 | +5.6% | -1.9% | +19.8% | -9.2% | -13.9% |
| Nov 7, 2024 | +11.5% | +3.4% | +1.8% | +19.4% | +56.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.29 | $0.27 | +8.0% | $696.1M |
| May 7, 2026 | $0.25 | $0.23 | +8.4% | $639.8M |
| Feb 10, 2026 | $0.28 | $0.27 | +3.2% | $614.5M |
| Oct 30, 2025 | $0.27 | $0.23 | +17.3% | $562.0M |
| Jul 31, 2025 | $0.21 | $0.18 | +14.5% | $512.3M |
| May 8, 2025 | $0.16 | $0.16 | -2.3% | $479.1M |
| Feb 6, 2025 | $0.19 | $0.18 | +5.6% | $459.9M |
| Nov 7, 2024 | $0.20 | $0.18 | +11.5% | $430.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 276.8× | — | — | — |
| EV / EBITDA | 3250.7× | — | — | Bottom 29% |
| EV / Sales | 50.04× | — | — | Bottom 5% |
| Free-cash-flow yield | 0.31% | — | — | Bottom 29% |
| Earnings yield | -0.17% | — | — | Bottom 40% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 19
- Days above the 200-day average
- 95
- 50-day average slope (20 days)
- +10.2%
- 200-day average slope (20 days)
- +6.0%
- Distance from 50-day average
- +13.4%
- Distance from 200-day average
- +48.4%
- RSI (14)
- 60.3
- Relative volume
- 0.91×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 56.9%
- Volatility vs own 5-year history
- 46th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.44
- Correlation with S&P 500
- 0.39
- Current drawdown from 1-year high
- -2.7%
- Maximum drawdown, 3 years
- -45.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 18, 2021 | Nov 9, 2022 | -82.6% | 245 days | 707 days (Sep 8, 2025) |
| Oct 31, 2025 | Feb 23, 2026 | -36.8% | 76 days | 52 days (May 7, 2026) |
| Feb 9, 2021 | Mar 8, 2021 | -33.9% | 18 days | 66 days (Jun 10, 2021) |
| May 7, 2026 | May 12, 2026 | -27.3% | 3 days | 13 days (Jun 1, 2026) |
| Jun 2, 2026 | Jun 22, 2026 | -19.9% | 13 days | 11 days (Jul 8, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $123.86B
- EPS, diluted (TTM)
- -$0.58
- Revenue (TTM)
- $2.51B
- 52-week range
- $158.83 – $367.43
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $656.4M | $975.2M | $1.30B | $1.67B | $2.17B |
| Gross profit | $509.3M | $742.6M | $989.7M | $1.29B | $1.62B |
| Operating income | -$127.7M | -$201.2M | -$185.5M | -$154.8M | -$207.2M |
| Net income | -$260.3M | -$193.4M | -$183.9M | -$78.8M | -$102.3M |
| EPS (diluted) | -$0.83 | -$0.59 | -$0.55 | -$0.23 | -$0.29 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $430.1M | $459.9M | $479.1M | $512.3M | $562.0M | $614.5M | $639.8M | $696.1M |
| Net income | -$15.3M | -$12.8M | -$38.5M | -$50.4M | -$1.3M | -$12.1M | -$22.9M | -$170.0M |
| EPS (diluted) | -$0.04 | -$0.04 | -$0.11 | -$0.15 | -$0.00 | -$0.03 | -$0.07 | -$0.48 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $64.6M | $123.6M | $254.4M | $380.4M | $666.9M |
| Capital expenditure | -$107.7M | -$163.4M | -$134.9M | -$185.0M | -$342.6M |
| Free cash flow | -$43.1M | -$39.8M | $119.5M | $195.4M | $324.3M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $36.3M | $25.4M | $33.9M | $32.7M | $58.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $4.16B
- Total assets
- $6.47B
- Total liabilities
- $4.85B
- Total debt
- $3.53B
- Net debt
- $1.87B
- Shareholders’ equity
- $1.62B
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 7,703,439
- Days to cover
- 2.44
- Change vs previous report
- +13.4%
FINRA short interest, settlement date Sep 15, 2026.