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TickerTalks›$NET
NENET

Cloudflare, Inc.

$NET·$107B·Software - Infrastructure·Technology
$305.39+1.9%YTD+51.5%1Y+46.8%
Mentions · last 7 days
2026-08-22: 2,776 posts2026-08-23: 2,216 posts9,818+52%
Price updated 11h ago·X counts updated 8d ago
NENET
$NETCloudflare, Inc.
$305.39+1.85%9.8k posts+52%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $NET, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-31

The move is getting stronger, with heavier trading behind it.

The internet's default plumbing layer keeps compounding — a real-business ride on the AI-workload wave, priced richly enough that Q3 has to keep it clean.

Cloudflare runs the network fabric a big chunk of the internet already routes through — CDN, DDoS protection, Zero Trust security, and increasingly the edge platform where AI inference and workflows are quietly landing. The stock has broken out to fresh highs as the federal-adoption pitch and the picks-and-shovels-for-AI narrative both start to bite.

  • Growth is not just holding, it's re-accelerating: Q1 revenue grew 33% year-over-year to $640M, faster than the low-30s pace it was running through 2025, which is what buyers of a premium name need to see.
  • The Workers/AI-edge story has real hooks: 100+ federal agencies using Cloudflare and Stripe's $7.5B bet on AI model routing both validate its edge network as the neutral pipe where the next layer of compute lives.
  • Insider optics work against holders: co-founder and President Michelle Zatlyn sold roughly $28M of stock over three days in August, and CFO Thomas Seifert added another $3M — a cluster big enough that just-an-exercise isn't a satisfying answer.
  • The new $2.5B zero-coupon convertible priced at a 60% premium ($497 strike) buys years of runway with essentially no interest cost, but stamps a ceiling where holders start sharing the upside with noteholders.

The path if it works is simple — Q3 keeps the growth curve intact, the Workers business shows real inference-revenue attach, and the stock earns its multiple. Miss any of those and a name trading at ~38x sales with negative GAAP margins can give back the year's gains in a week.

What to watch: The Oct 29 Q3 print, and specifically whether Cloudflare breaks out Workers/AI-edge revenue as a distinct line — that's the number that either validates or resets the AI-plumbing thesis.

On the calendar: 2026-10-29 — Q3 2026 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Neutral sentiment195 posts analyzed · as of 2026-08-30

The stream is almost entirely off-topic: virtually every post covers NetNet Capital, a Robinhood-chain reserve-backed token that pays daily yield to stakers and holds tokenized NVDA and SPCX in its treasury, not Cloudflare the equity. Posters trade tips on staking, treasury growth toward $5M, bond discounts, and the founder's Menlo Park visit. Meaningful discussion of Cloudflare's business is essentially absent from the corpus.

Read the AI verdict + X sentiment for $NET

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Provides edge network security, CDN, Zero Trust access, and a developer platform to businesses globally.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $NET.

Software - Infrastructure · Technology

SaaS multiples remain compressed as rate-sensitive valuations weigh on pure-play software; customers are lengthening deal cycles outside of AI-native workloads. AI co-pilot upsell is the only clear near-term catalyst — companies without it are treading water.

What this means for $NET

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Cloudflare, Inc.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
+2.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-1016.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-4.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-9.3%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
0.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
38.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-6.2%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
73.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
2.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$0.29$0.27+8.0%
Q1 2026May 7, 2026$0.25$0.23+8.4%
Q4 2025Feb 10, 2026$0.28$0.27+3.2%
Q3 2025Oct 30, 2025$0.27$0.23+17.3%
Next earningsThu, Oct 29·consensus EPS $0.34

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$639.8M+33.5%71.2%-9.7%$-0.07$107.1M
Q4 FY25$614.5M+33.6%73.6%-8.0%$-0.03$155.7M
Q3 FY25$562.0M+30.7%74.0%-6.7%$-0.00$82.5M
Q2 FY25$512.3M+27.8%74.9%-13.1%$-0.15$33.3M

Forward consensus

5-year forecast · up to 25 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$2.8B$2.8B – $2.9B$1.20$1.18 – $1.2725
FY27$3.6B$3.5B – $3.8B$1.59$1.34 – $1.9225
FY28$4.6B$4.4B – $5.0B$2.20-$6.27 – $8.1815
FY29$5.5B$5.4B – $5.8B$3.43$3.33 – $3.6411
FY30$6.7B$6.6B – $7.1B$0.00$0.00 – $0.007

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.84%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+10.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+38.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 317.7M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.2% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.665-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 21Michelle ZatlynPresident33.0K sh$9.2MSellAug 20Michelle ZatlynPresident33.0K sh$9.4MSellAug 19Michelle ZatlynPresident33.0K sh$9.7MSellAug 18Starzak Alissa MichelleChief Legal Officer2.5K sh$773KSellAug 18Janel RileyChief Accounting Officer3.5K sh$1.1MSellAug 17Starzak Alissa MichelleChief Legal Officer3.3K sh$1.0MSellAug 17Janel RileyChief Accounting Officer1.2K sh$382KSellAug 17Thomas J SeifertCFO10.0K sh$3.1MSellAug 10John Graham-cummingDirector1.2K sh$371KSellAug 6Carl LedbetterDirector5.0K sh$1.4M
1–10 of 54
+ 74 other (29 exempts · 23 conversions · 13 inkinds · 9 awards) in window

See when $NET insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementAug 138-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

Cloudflare, Inc. (San Francisco, CA; NYSE: NET) issued $2.50 billion aggregate principal of 0% Convertible Senior Notes due August 15, 2031 on August 13, 2026, with U.S. Bank Trust Company as trustee. The initial conversion price is approximately $496.94 per share (2.0123 shares per $1,000 principal), representing a 60% premium to the $310.59 closing price on August 10, 2026; the notes bear no regular interest and do not accrete. The filing also covers capped call transactions (Item 3.02) to offset potential dilution at higher price levels. This is Cloudflare's largest single financing, raising $2.5 billion with minimal near-term dilution but substantial future upside optionality for noteholders.

8-KPress release / Reg FDAug 68-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

Cloudflare, Inc. (NET) reported Q2 2026 financial results on 2026-08-06, reporting financial results details in attached press release. The press release notes: mission made by the Company regardless of any general incorp. Additional items: Item 7.01. Quarterly earnings are a material disclosure; investors should review the full press release for segment details and management commentary.

8-K/AOfficer or director change (amended)Jul 18-K/A — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Cloudflare amended a prior 8-K to reflect that the approved 2019 Equity Incentive Plan and ESPP amendments become effective upon the Class C Stock Split. Amendment to annual meeting results filing.

8-KOfficer or director changeJun 308-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Cloudflare held its 2026 Annual Meeting on June 30, 2026; stockholders approved amendments to the 2019 Equity Incentive Plan and ESPP (becoming effective upon the Class C Stock Split), as well as compensation proposals 4A through 4F. Shareholder approval of expanded equity plans and the Class C stock split structure.

8-K/ARestructuring / exit costs (amended)May 78-K/A — Item 2.02: Earnings release · Item 2.05: Restructuring / exit costs · Item 7.01: Press release / Reg FD
AI summary

NET reported period ending 2026-05-07 financial results (8-K Item 2.02). Investors should review the full earnings press release and any management guidance for forward outlook.

8-KPress release / Reg FDMay 78-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

NET reported second quarter of fiscal 2026, and that the execution financial results (8-K Item 2.02). Investors should review the full earnings press release and any management guidance for forward outlook.

3New insider — initial holdingsApr 103
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for NET on 2026-04-10, initiating required Section 16 reporting. Role: of Reporting Person. Beneficial ownership covers 31,558 shares. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

+ 12 other (5 13Gs · 2 10-Qs · 2 proxys · 1 ARS) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Cloudflare's Adaptive Intelligence Makes Cyber Attacks Too Expensive for Fraudsterspymnts.com·15h agoSecuring AI: 5 Most-Upgraded Stocks From the Q2 Reporting Seasonmarketbeat.com·18h agoThe Big 3: CDNS, NET, WMTyoutube.com·19h agoCloudflare Introduces Adaptive Intelligence; Reverses the Economics of Automated Cyber Attacksbusinesswire.com·23h agoThe Next Palantir? 100 Federal Agencies Already Use Cloudflare, and It's Cleared For More247wallst.com·3d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureCybersecurity

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