Cloudflare Inc - Ordinary Shares - Class A

Cloudflare Inc - Ordinary Shares - Class A

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Market Cap$79.55B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cloudflare Inc - Ordinary Shares - Class ACloudflare Inc - Ordinary Shares - Class A-911.1--7%36.42.8

Earnings Call Q1 2026

May 7, 2026 - AI Summary

Strong Q1 2026 performance (good): - Revenue $639.8M, +34% YoY. - 4,416 customers paying >$100k/year (+25% YoY). - Revenue from largest customers 72% of revenue (up from 69% YoY). - Dollar-based net retention: 118% (down 2% QoQ, up 7% YoY). - Gross margin: 72.8% (down 210 bps QoQ, down 130 bps YoY). - Operating income: $73.1M (operating margin 11.4%). - Free cash flow: $84.1M (~13% of revenue), beating expectations per management.
Momentum drivers across sales and pipeline (good + surprising): - Sales productivity increased YoY for the 9th straight quarter. - Hiring quota-carrying capacity accelerated; fastest pace since 2023. - Deals >$1M: +73% YoY (fastest growth since 2024). - Added a record number of customers spending >$5M/year—added as many in Q1 as in all of 2025. - New pipeline generation grew sequentially at the fastest pace in five years and exceeded the Q1 target (best since 2021). - New pipeline + retention strength suggests customers view Cloudflare as “must-have,” not “nice-to-have.”
AI/agentic tailwinds and Workers momentum (good + opportunity): - Management cites hundreds of billions of agentic requests per month, growing exponentially; Cloudflare positions itself as controlling/guardrailing high-value traffic (Act 1). - Workers developer platform adoption accelerating: developers >5.5M by end of Q1 (+1M in the quarter, versus +1.5M total in 2025). - Cloudflare OS / AI Gateway described as enabling agentic workflows and improving internal developer velocity (reported usage +600% in last three months, with extensive AI agent review of code/config). - Customer wins highlight packaging across application services, security, privacy, and routing/Argo—used as evidence of broad enterprise adoption.

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$242.69

Target Price by Analysts

11% upsideCloudflare Target Price DetailsTarget Price
$35.29

Current Fair Value

83.9% downside

Overvalued by 83.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$79.55 Billion
Enterprise Value$82.89 Billion
Dividend Yield$- (-)
Earnings per Share$-0.29
Beta1.67
Outstanding Shares352,625,000

Return

Return on Equity-6.60%ROE
Return on Assets-1.63%
Return on Invested Capital-5.06%

Valuation & Multiples

P/E Ratio-911.08P/E Ratio
PEG2256.36PEG
Price to Sales36.43Price to Sales
Price to Book Ratio54.64Price to Book Ratio
Enterprise Value to Revenue37.74
Enterprise Value to EBIT-436.55
Enterprise Value to Net Income-823
Total Debt to Enterprise0.05
Debt to Equity2.8Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$0.23
Average shareholder expectation
Revenue Estimate
$620.83 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$0.27
Average shareholder expectation
Revenue Estimate
$664.67 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5489 2.79%
Total Calls11,923,689 1.01%
Total Puts6,545,397 6.42%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %79.47% 1.76%
Total Invested$57.03B 4.05%
Investors Holding1,210 51.00%

ESG Score

No data

About Cloudflare Inc

CEO: Matthew Prince

Cloudflare, Inc. is on a mission to help build a better Internet. Cloudflare's platform protects and accelerates any Internet application online without adding hardware, installing software, or changing a line of code. Internet propertie...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides non-partisan analysis and 'scoring' for all tax legislation, directly influencing the final shape and impact of tax policies on corporations. Its insights into proposed changes to corporate tax structures and R&D incentives would be highly relevant to Cloudflare's financial planning.

Finance

As the primary tax-writing committee, it controls corporate tax policy, trade agreements, and entitlement spending. Decisions on corporate tax rates, R&D tax credits, and international tax rules (crucial for Cloudflare's global operations) can significantly affect its profitability and investment decisions.

Appropriations

This committee directly allocates federal discretionary spending across all government agencies, including those that are current or potential clients of Cloudflare (e.g., DoD, DHS). Members have direct insight into specific budget lines that could fund contracts for Cloudflare's services.

Judiciary

This committee's jurisdiction over antitrust laws, intellectual property, and data privacy legislation is highly pertinent. Potential antitrust actions against large tech companies, intellectual property disputes, and evolving data privacy frameworks directly impact Cloudflare's business strategy and legal compliance.

Select Committee on Intelligence

As a major cybersecurity and internet infrastructure provider, Cloudflare is directly impacted by national security issues. Committee members receive classified briefings on global cyber threats and intelligence operations, offering highly sensitive, non-public information relevant to Cloudflare's market and potential government contracts.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications (FCC), consumer protection (FTC), and internet policy. It directly impacts internet infrastructure and 'Big Tech' companies like Cloudflare through privacy legislation, net neutrality rules, and data security mandates.

Homeland Security and Governmental Affairs

This committee's oversight of the Department of Homeland Security and federal procurement directly impacts government contracts for cybersecurity and internet infrastructure services, areas central to Cloudflare's business. Members would have insights into federal needs and emerging cybersecurity regulations.