- Investing.com
Valuation Premium | Trading above 15 times forward sales with elevated stock-based compensation, the company prioritizes growth over profitability while pursuing the software industry's Rule of 40 |
Market Share Momentum | The company doubled its application performance and security market share since 2021, now commanding over 8 percent while handling 20 percent of global internet traffic |
Ambitious Growth Path | Revenue targets reach $5 billion by 2028, with analyst price targets averaging $239, ranging from $222 to $265, reflecting confidence in sustained expansion |
AI Infrastructure Bet | Cloudflare transitions from basic infrastructure to comprehensive AI platform, positioning itself as critical enabler for enterprise AI deployment through model-agnostic framework |

Metrics to compare | NET | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipNETPeersSector | |
|---|---|---|---|---|
P/E Ratio | −999.5x | −11.0x | 12.2x | |
PEG Ratio | - | −0.21 | 0.01 | |
Price / Book | 56.8x | 3.4x | 2.4x | |
Price / LTM Sales | 37.2x | 7.2x | 2.4x | |
Upside (Analyst Target) | 4.0% | 7.9% | 27.5% | |
Fair Value Upside | Unlock | −12.9% | 5.0% | Unlock |
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides a cloud-based security solution to secure a range of combination of platforms, including public and private cloud, on-premises, software-as-a-service applications, and Internet of things (IoT) devices; and application security products comprising web application firewall, bot management, distributed denial of service mitigation, API security, SSL/TLS encryption, client-side security, and security center products. It also offers application performance solutions, such as content delivery, load balancing, DNS, smart shield, video stream delivery, web optimization, cloudfare waiting room, and cloudfare data localization suite; SASE platform that combines network services and Zero Trust and workplace security products that provides a cloud-based network and security-as-a-service; network services, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust security services which include cloudflare zero trust network access, secure web gateway, and one client; and remote browser isolation, cloud access security broker, cloud email security, digital experience monitoring, and data loss prevention products. Further, it provides developer-based solutions comprising workers AI, vectorize, AI gateway, cloudflare workers, cloudflare pages, R2 object storage, workers KV, durable objects, D1, hyperdrive, queues, cloudfare stream, cloudfare images, and cloudflare realtime; and consumer offerings, such as 1.1.1.1 DNS and with WARPm and cloudfare registrar that offers secure registration and management of domain names. The company serves customers in technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. The company was incorporated in 2009 and is headquartered in San Francisco, California.