NET

Cloudflare Inc

$359.49+10.42 ▲ +2.99%Oct 5, 4:00 PM ET

Options Paper trade

Target price—Cash flow is negative

Crowd score30/100Crowd-driven · 0 confirming

Sentiment−0.01FinBERT, −1 to +1

Mentions · 24h117▲ +852.3% vs 7-day avg

Price × crowd

━ Price┅ Target price● Mention spike· Sample history

1M 3M 1Y 5Y

Why this score

2 sources

Each part compares today with this ticker's own last 60 trading days. The centre line is normal.

Attention 35%+0.8σ
Opinion 35%no data yet—
Breadth 15%no data yet—
Momentum 15%+0.2σ

Wikipedia +0.8σHeadlines +0.7σ

Sources confirming: 0
Driven by: The crowd (no big news)
Consensus: 55% one side

Herd behaviour

score, last year

Hype gap+0.2σCrowd and news are roughly in step.

Fades in1.2 daysBursts of attention halve quickly: fads come and go.

Talk vs pricemove −1.0σToday's price move compared with the last 60 days.

StreaknoneTrading days in a row at a score of 60 or more.

What the crowd is saying

24h

Cloudflare−0.0187% of mentions

All narratives on Crowd →

Valuation

drag to change

Target priceDCF—No positive value at these assumptions.

FILINGS TO 2026-06-30

Discounted cash flow. Valued on free cash flow: what the business generates for everyone who funds it.Free cash flow is negative, so a DCF can't give a value yet. Drag the margin to see what it would take.

Revenue growth, year 130.0%

Fades to terminal growth by year 10 · starts at 30.00%

Free-cash-flow margin-7.15%

Share of revenue left as cash · starts at -7.15%

Discount rate (WACC)10.9%

What all investors demand each year · starts at 10.85%

Terminal growth2.50%

Forever, after year 10 · starts at 2.50%

How the value adds up

10 years of free cash flow, today's value−$2.9B

+Everything after year 10−$3.4B

Business value (EV)−$6.3B

+Cash and investments$4.2B

−Debt and minority interests$0.00

Owners' value−$2.2B

÷Shares0.35B

Per share—

If the rates were different

WACC ↓ g →	1.5%	2.0%	2.5%	3.0%	3.5%
9.9%	-7	-8	-9	-10	-12
10.4%	-6	-6	-7	-9	-10
10.9%	-4	-5	-6	-7	-8
11.4%	-4	-4	-5	-6	-7
11.9%	-3	-3	-4	-5	-6

Rows: WACC. Columns: terminal growth. Centre = your settings. Green = above today's price.

The 10-year projection

Year	1	2	3	4	5	6	7	8	9	10
Growth	30.0%	26.9%	23.9%	20.8%	17.8%	14.7%	11.7%	8.6%	5.6%	2.5%
Revenue	$3.3B	$4.1B	$5.1B	$6.2B	$7.3B	$8.4B	$9.4B	$10.2B	$10.7B	$11.0B
Free cash flow	−$234M	−$296M	−$367M	−$444M	−$523M	−$600M	−$670M	−$727M	−$768M	−$787M
Worth today	−$211M	−$241M	−$270M	−$294M	−$312M	−$323M	−$326M	−$319M	−$304M	−$281M

Where the starting numbers come from

Revenue, last 12 months: $2.5B
Revenue growth: 3-yr avg / last yr: 30.5% / 29.8%
FCF margin: last 12 mo / 3-yr median: -6.0% / -8.3%
Risk-free rate: 5.28%
Beta (Finnhub, adjusted toward 1): 1.24
Stock premium over Treasuries: 4.5%
Cost of equity = rf + β × premium: 10.9%
Cost of debt (before tax): 6.8%
Tax rate: 21.0%
Equity share of funding: 100%

Free cash flow = operating cash flow − capital spending − stock-based pay + after-tax interest. Growth starts at the average of the 3-year and last-year rates; the margin is the average of the last 12 months and the 3-year median.

SEC EDGAR XBRL · Risk-free: 10-year Treasury, 2026-10-02 · Beta: Finnhub, adjusted toward 1 · debt_current not reported on the latest balance sheet; treated as 0 · long_term_investments not reported on the latest balance sheet; treated as 0

Key stats

Market cap$124.3B

P/E (TTM)—

Gross margin72.6%

Operating margin-14.1%

52-week range$158.83 – $367.43

Avg volume (10 days)3.0M

Beta1.36

From Finnhub, updated a few times a day.