Cloudflare (NET)

• Market cap: $53B
• 1 day: -1.09%
• 5 days: 14.35%
• 1 month: 40.00%
• 3 months: -9.48%
• 6 months: 70.21%
• Year to date: 35.77%
• 1 year: 105.79%
• 5 years: 418.14%
• 10 years: 748.89%
• Sector: Technology
• Industry: Software - Infrastructure

About: Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Employees: 4,400

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

156% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 62

90% more funds holding in top 10

Funds holding in top 10: 10 [Q3] → 19 (+9) [Q4]

38% more capital invested

Capital invested by funds: $20.5B [Q3] → $28.4B (+$7.85B) [Q4]

13% more funds holding

Funds holding: 667 [Q3] → 753 (+86) [Q4]

2.66% more ownership

Funds ownership: 83.5% [Q3] → 86.16% (+2.66%) [Q4]

5% more repeat investments, than reductions

Existing positions increased: 249 | Existing positions reduced: 238

22% less call options, than puts

Call options by funds: $878M | Put options by funds: $1.13B

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 54% downside
• Avg. target: $148 3% downside
• High target: $180 18% upside

14 analyst ratings

• positive: 8 57%
• neutral: 5 36%
• negative: 1 7%

Susquehanna Aaron Samuels 0% 1-year accuracy 0 / 1 met price target	8% downside $140	Neutral Maintained	12 May 2025
CICC	1% upside $154	Outperform Upgraded	12 May 2025
UBS Roger Boyd 76% 1-year accuracy 13 / 17 met price target	5% downside $145	Neutral Maintained	9 May 2025
Oppenheimer Param Singh 88% 1-year accuracy 7 / 8 met price target	8% upside $165	Outperform Maintained	9 May 2025
Guggenheim John Difucci 52% 1-year accuracy 22 / 42 met price target	54% downside $70	Sell Maintained	9 May 2025