NE
Cloudflare Inc.
NET · Technology - Cloud Infrastructure
Company brief
NE
NETTechnology - Cloud Infrastructure$28.5B

Cloudflare Inc.

Global cloud services provider offering CDN, security, and performance solutions

Moat score
85/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$210
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+29%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
165x

Forward P/E around 165.2x means investors pay about $165.2 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
N/A

Trailing P/E is unavailable, often because earnings are negative or provider data is missing.

EPS
$-0.25
Market Cap
$69.5B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Cloudflare keeps monetizing its core network and security products, but the stock continues to depend on whether growth can justify a forward P/E near 165x.

Watch signal

Forward P/E remains high, but revenue growth and product adoption stay strong enough to support the existing premium.

What you own

Cloudflare Inc. is exposure to technology - cloud infrastructure operating model with high switching costs and 122% net revenue retention.

Base thesis

Global edge network creates massive infrastructure moat - 330+ cities, impossible to replicate

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Pro access unlocks the workflow simulator for this company brief.

Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
85Moat Score
Net Revenue Retention122%
Retention RiskLow
AI Disruption RiskLow
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Global edge network creates massive infrastructure moat - 330+ cities, impossible to replicate
  • Security features deeply integrated into DNS/CDN stack - switching requires months of reconfiguration
  • Workers platform creates stickiness through custom serverless applications deployed to edge
  • Network effects: larger traffic volume improves threat intelligence for all customers
  • Mission-critical uptime dependency - customers can't risk migration downtime during attacks