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NYSE · Software - Infrastructure · USD

Cloudflare, Inc. (NET) Stock Analysis

Cloudflare, Inc. (NET) is a Software - Infrastructure stock listed on NYSE and quoted in US Dollar.

NET

$278.92

−$5.59 (−1.96%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NET Key Statistics

As of Sep 4, 2026
Trading
Open
$282.25
Previous Close
$284.51
Day's Range
277.59–284.72
52-Week Range
158.83–332.22
Volume
1.81M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.66
Valuation
Market Cap
$99.32B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
166.71
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.38
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
39.53
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.56
Financials (FY)
Revenue (FY)
$2.17B+29.85%
Net Income (FY)
−$102.27M
Profit marginThe share of revenue left as profit after all costs and taxes.
−8.21%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
322.62M
1-Year Return
+32.83%
Dividend and dates
Earnings Date
October 29, 2026estimated
Avg Volume
3.49M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

NET Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+41.48%
2025+83.09%
2024+29.33%
2023+84.16%
2022−65.62%
2021+73.05%
2020+345.43%
2019 (partial year)−5.22%

As of September 4, 2026.

NET Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.17B−$102.27M−4.7%
2024$1.67B−$78.80M−4.7%
2023$1.30B−$183.95M−14.2%
2022$975.24M−$193.38M−19.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.17B$1.62B−$207.21M−$102.27M−4.7%
2024$1.67B$1.29B−$154.76M−$78.80M−4.7%
2023$1.30B$989.74M−$185.49M−$183.95M−14.2%
2022$975.24M$742.63M−$201.20M−$193.38M−19.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NET Valuation vs Software - Infrastructure Median

Median of 187 stocks
MetricNETSoftware - Infrastructure medianvs median
P/S ratio39.533.4811.4x the median
Profit margin−8.21%0.00%8.2 pts below

Medians across 187 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Cloudflare, Inc. (NET) carries a market capitalisation of $99.32B. The company sits in the Technology sector, in the Software - Infrastructure industry. Headcount on file is 5,156.

The most recent close on file for NET is $278.92, dated September 4, 2026. That is −$5.59 (−1.96%) against the previous close. Over the past 52 weeks the price has ranged from $158.83 to $332.22. The latest close sits 75.61% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $2.17B. Against the prior fiscal year total of $1.67B, that is a change of +29.85%. The same year closed with a net loss of $102.27M. The reported profit margin is −8.21%. That is 8.2 percentage points below the Software - Infrastructure median of 0%. Trailing earnings per share are −0.56.

Across the 4 fiscal years on file, revenue moves from $975.24M in 2022 to $2.17B in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 166.71. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.38. Measured against sales, the shares trade at 39.53 times revenue. On price-to-sales that is 11.4 times the Software - Infrastructure median of 3.48. 187 Software - Infrastructure companies report these metrics, and the medians quoted come from that group.

The reported beta is 1.66. Annualized volatility over the trailing 7 years is 67.36%. The trailing one-year price return is +32.83%. Measured over 5 years, that is +16.42% a year compounded.

Growth & Income

No dividend is on file for NET.

Across the complete calendar years on file, 2020 returned +345.43% and 2022 returned −65.62%. Of the 6 complete calendar years on file, 5 finished higher. 2026 is still running; the price is +41.48% year to date.

Peer Comparison

Cloudflare, Inc. (NET) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Cloudflare, Inc. NET $99.32B —
Microsoft Corporation MSFT $3.71T 28.4
Oracle Corporation ORCL $457.36B 27.3
Palantir Technologies Inc. PLTR $418.93B 155.7

The Software - Infrastructure industry average P/E ratio is 25.5x. Cloudflare, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Cloudflare, Inc.

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides a cloud-based security solution to secure a range of combination of platforms, including public and private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and application security products comprising web application firewall, bot management, distributed denial of service mitigation, API security, SSL/TLS encryption, client-side security, and security center products. It also offers application performance solutions, such as content delivery, load balancing, DNS, smart shield, video stream delivery, web optimization, cloudfare waiting room, and cloudfare data localization suite; SASE platform that combines network services and Zero Trust and workplace security products that provides a cloud-based network and security-as-a-service; network services, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust security services which include cloudflare zero trust network access, secure web gateway, and one client; and remote browser isolation, cloud access security broker, cloud email security, digital experience monitoring, and data loss prevention products. Further, it provides developer-based solutions comprising workers AI, vectorize, AI gateway, cloudflare workers, cloudflare pages, R2 object storage, workers KV, durable objects, D1, hyperdrive, queues, cloudfare stream, cloudfare images, and cloudflare realtime; and consumer offerings, such as 1.1.1.1 DNS and with WARPm and cloudfare registrar that offers secure registration and management of domain names. The company serves customers in technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. The company was incorporated in 2009 and is headquartered in San Francisco, California.

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