NET

CloudflareD

NYSE / Software & Services

At close

2026-06-02

Current thesis

Primary-source evidence supports a still-strong underlying quarter: revenue rose 34% y/y to $639.8M, current RPO grew 34%, free cash flow improved to 13% of revenue, and liquidity remained strong at $4.16B [#8-K-2026-05-07]. If the workforce reset improves productivity without harming demand capture, the post-earnings de-rating could prove excessive.

Posture

Defensive

Lead driver

Momentum

What changed

6 setup hits (3d) with net bullish as of 2026-06-02.

What can break

Cloudflare's 10-K flags intense competition across CDN, DNS, cloud security, DDoS, and cloud-based point-solution categories, so the better direct peer set reinforces rather than reduces execution risk [#10-K-2026-02-26].

Momentum

Value

Sentiment

Setup hits (3d)

6 · Net Bullish

AI TargetsBase $210.00 · Bull $245.00 · Bear $175.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-09 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bullish

Target $233.76

Why

Momentum64 · Δ7d +13.9

Value39 · Δ7d -0.0

Sentiment24 · Δ7d -17.4

So what

Weak posture (Net Bullish). Prioritize risk control and patience.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+13.9

Δ21d

+19.1

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.0

Δ21d

-0.0

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-17.4

Δ21d

-24.0

Why this grade

Composite grade D. Momentum 63.9 / Value 39.2 / Sentiment 24.3

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$95.73B

Beta

1.97

Shares Out

350.28M

P/E (TTM) · Derived

-931.1

P/S (TTM)

34.39

P/FCF (TTM)

331.48

Rev YoY

+30.7%

EPS YoY

+91.8%

Gross Margin

+75.2%

Op Margin

-9.6%

Net Debt

-$568.6M

Current Ratio

2.04

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology