Cloudflare (NET) closed at $312.03 in the supplied market data, while the company reported third-quarter revenue of $782.5 million, up 39% year over year. Analyst targets remain split, with the sup...
Cloudflare’s latest catalyst was its November 5 third-quarter 2026 results. The company said revenue reached $782.5 million, up 39% year over year, while current RPO rose 37% year over year. Management also said the quarter was its “best quarter ever,” with annualized revenue crossing $3 billion and profitability expanding. Those figures matter because they confirm the business is still compounding quickly even as it moves toward better margins. citeturn0search0
The same release also showed a split between reported and adjusted profitability: GAAP loss from operations was $67.9 million, or 9% of revenue, while non-GAAP income from operations was $137.1 million, or 18% of revenue. That keeps the equity story dependent on continued top-line growth and operating leverage rather than near-term GAAP earnings strength. citeturn0search0
The supplied analyst updates show a market that likes the growth profile but still argues about valuation. StockAnalysis cites 35 analysts with a consensus rating of Buy and an average price target of $341.09, versus a low of $190 and a high of $430. That spread is wide enough to show that expectations are far from settled. citeturn0search0
Recent target changes were mixed. Piper Sandler raised its target to $337 from $333 while keeping an Overweight rating. Scotiabank cut its target to $360 from $390 but kept Sector Outperform, citing the company’s 39% third-quarter revenue growth and higher 2026 revenue guidance.
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