The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
Cloudflare Inc NET
Outside both standardsAn entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Cloudflare, Inc.
read at $262.15
Cloudflare Inc holds its Markup at $262.15.
- PHPhase · the trend structure carries the Markup label
- INInsiders · no filings inside 60 days, left as found
- POPositioning · no disclosures inside 60 days, left as found
- OPOptions · no verdict drawn today, left as found
- SCScreen · does not pass the values gate
- edge confirmed
- edge broken
- edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Markup |
| Quantitative state | Consolidating, no directional conviction, held for 28 days |
| Price | $262.15 |
| Valuation | N/A trailing · 165.71 forward price to earnings |
| Values screen | FAIL · score 70.0 |
| Beta | 1.67 |
The opportunity · what the numbers say it is worth
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the Street see limited upside at this price.
| Revenue growth | 33.50% |
| Profit margin | -3.72% |
| Debt to equity | 230.86 |
| Analyst consensus | Buy · 31 covering |
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
Used by most halal investing apps ✗ DOES NOT PASS
The one Titan applies ✗ DOES NOT PASS
Why it fails. The problem is its debt ratio. Because both standards agree on this, it is a clear exclusion, not a borderline case.
What these two standards are, and how they differ →
- Business activity Its core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
- Debt load Interest-bearing debt is 58.3% of its assets, above the one-third ceiling the screen allows. Fail
- Interest-bearing cash Interest-bearing cash and securities are 52.3% of assets, above the one-third limit. Fail
- Receivables Money owed to the company is 22.0% of assets, under the 49% limit. Pass
- Revenue purity 6.1% of revenue comes from non-compliant sources, over the 5% line. Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
The business, in plain words · what the numbers mean
Fast web shield still priced for perfection
Picture every website loading in an instant while fending off attacks from every corner of the globe. Cloudflare sits in the middle of that flow, routing traffic and blocking threats for millions of sites. Revenue is still climbing at 34 percent, yet the business keeps posting losses and a negative return on equity.
The numbers do not justify the price. Shares trade at 175 times forward earnings, well above our fair value and even above most analyst targets. A narrow moat and consistent cash burn leave little room for error if growth slows or competition intensifies.
Risk sits in the valuation gap itself. Paying almost double our assessed worth for a company that has yet to turn a profit invites sharp drawdowns if sentiment shifts. Analysis, not advice.
| Forward P/E | 165.7x expensive even after accounting for its growth |
| Revenue growth | 33.5% strong top-line growth |
| Profit margin | -3.7% currently unprofitable |
| Return on equity | -5.9% not currently earning a positive return on equity |
| Debt to equity | 2.31 heavy leverage — higher risk if revenue softens |
| Current ratio | 1.96 healthy short-term liquidity |
| Beta | 1.67 much more volatile than the market |
| Market cap | $93.0B |
| Employees | 5,483 |
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Latest news · what the market is reading on NET
- › Cloudflare (NET) Gains As Market Dips: What You Should Know Zacks · 20d ago
- › Jim Cramer Says There Will Always Be Another DeepSeek — Here Are the 5 Best Cybersecurity Stocks to Own Right Now 24/7 Wall St. · 20d ago
- › 1 Unprofitable Stock with Exciting Potential and 2 Facing Challenges StockStory · 20d ago
- › Cloudflare (NET) Stock Gets Fair Value Boost As Analysts Raise AI And Security Targets Simply Wall St. · 21d ago
- › Cloudflare (NET) Stock May Be Fully Priced As AI Search News Lifts Hopes Simply Wall St. · 21d ago
Headlines from third-party outlets, linked for reference — not our reporting, not advice.
Related securities · others in NET's space worth a look
Screened names in the same industry · explore each on its own page.
The trader read · the latest dated commentary
The dated journal · newest first, never edited
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 5.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 11.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 23%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (31 analysts) rates it buy, with a mean price target of $243. Insiders have been net sellers over the past quarter.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The insider ledger · Form 4 filings, as filed
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Option Exercise | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Sale | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Option Exercise | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Sale | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Option Exercise | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Sale | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Option Exercise | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Sale | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Option Exercise | 157,152 | $28,009,866 |
| 2026-05-28 | Prince Matthew | CEO, Board Co-Chair, 10% | Sale | 157,152 | $28,009,866 |
Public filings, recorded as found. The full tape lives at Insider Intelligence.
The political ledger · congressional disclosures
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 6 Apr2026 | Josh Gottheimer | Democrat | buy | 1K–15K |
| 30 Jun2026 | Gil Cisneros | Democrat | buy | 1K–15K |
| 2026-04-24 | Ro Khanna | Democrat | Purchase | 1K–15K |
| 2026-04-20 | Jonathan Jackson | Democrat | Sale | 15K–50K |
| 2026-04-15 | Jonathan Jackson | Democrat | Sale | 1K–15K |
What holding actually paid · price plus dividends
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $193.52 | +13.7% | · | $1,137 | +13.7% |
| 2 months | $166.99 | +31.8% | · | $1,318 | +31.8% |
| 3 months | $212.11 | +3.7% | · | $1,037 | +3.7% |
| 6 months | $207.95 | +5.8% | · | $1,058 | +5.8% |
| 1 year | $179.34 | +22.7% | · | $1,227 | +22.7% |
| 2 years | $71.72 | +206.8% | · | $3,068 | +206.8% |
| 3 years | $63.82 | +244.7% | · | $3,447 | +244.7% |
| 5 years | $94.00 | +134.1% | · | $2,341 | +134.1% |
Historical returns from market close data. Past performance does not guarantee future results.