This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Cloudflare (NET): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Sat Aug 8, 8:07AM CDT

In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on Cloudflare, with a price target of $370.00.

Claim 55% Off TipRanks

Borg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Autodesk, and PTC. According to TipRanks, Borg has an average return of 17.6% and a 66.95% success rate on recommended stocks.

In addition to Stifel Nicolaus, Cloudflare also received a Buy from Barclays’s Saket Kalia in a report issued today. However, on the same day, Jefferies maintained a Hold rating on Cloudflare (NYSE: NET).

See today’s best-performing stocks on TipRanks >>

Based on Cloudflare’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $639.76 million and a GAAP net loss of $22.93 million. In comparison, last year the company earned a revenue of $479.09 million and had a GAAP net loss of $38.45 million

Read More on NET:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).