Cloudflare, Inc.

Cloudflare, Inc.

NETยทNYSE

$265.49

-2.0%
TechnologySoftware - Infrastructure

CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

At a Glance

Live Snapshot
Market Cap$93.84B
EPS-0.2900
P/E Ratio-915.48
Earnings Date07/30/2026
Cloudflare, Inc.

Cloudflare, Inc. Fair Value Envelope

NET ยท NYSE

Our analysis suggests that NET has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $265.49, this represents a potential HIDDEN relative to our calculated worth for Cloudflare, Inc..

Intrinsic Value
Current Price: $265.49

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$872.1B
+ Cash & Equivalents$943.5M
Firm Value$873.0B
- Debt$3.7B
Equity Value$869.3B
/ Shares Outstanding350,269,227B
DCF Value$2.5K
UNDERVALUED BY 835%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.1B
$1.8B
$3.0B
$5.1B
$8.4B
$13.9B
$23.1B
$38.4B
$63.8B
$105.9B
Maintenance CapEx
-$113.7M
-$188.8M
-$313.3M
-$520.0M
-$863.1M
-$1.4B
-$2.4B
-$3.9B
-$6.6B
-$10.9B
Owner Earnings
$993.2M
$1.6B
$2.7B
$4.5B
$7.5B
$12.5B
$20.8B
$34.5B
$57.2B
$95.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$919.6M
$1.4B
$2.2B
$3.3B
$5.1B
$7.9B
$12.1B
$18.6B
$28.6B
$44.0B
Terminal Value represents 85.8% of Enterprise Value