Cloudflare Inc. ($NET) Stock Forecast: Down 5.2% Today

What is Cloudflare Inc.?

Cloudflare (NYSE: NET) is a leading web infrastructure and website security company, with a current market capitalization of $39.28 billion. Today, the stock had a strong bearish movement.

Why is Cloudflare Inc. going down?

NET stock is down 5.2% on Dec 18, 2024 20:04

• Cloudflare's stock, NET, experienced a bearish trend despite its impressive outperformance of the market over the past 5 years, with an average annual return of 45.96%.
• The bullish options trends for Cloudflare indicated by deep-pocketed investors did not seem to have an immediate positive impact on the stock price today.
• The positive analyst rating upgrades for other companies like Ecolab Inc. did not translate into a broader market sentiment shift, potentially contributing to the bearish movement of Cloudflare's stock.
• Overall, despite Cloudflare's strong historical performance and positive options trends, today's bearish movement could be attributed to broader market factors or specific company developments.

NET Price Chart

NET Technical Analysis

NET News

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today - Cloudflare ( NYSE:NET )

Cloudflare NET has outperformed the market over the past 5 years by 32.46% on an annualized basis producing an average annual return of 45.96%. Currently, Cloudflare has a market capitalization of $39.28 billion.

https://www.benzinga.com/insights/news/24/12/42558078/if-you-invested-1000-in-this-stock-5-years-ago-you-would-have-this-much-today

This Tesla Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday - Quest Diagnostics ( NYSE:DGX ) , Ecolab ( NYSE:ECL )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. BMO Capital analyst John McNulty upgraded the rating for Ecolab Inc.

https://www.benzinga.com/24/12/42527585/this-tesla-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday

Behind the Scenes of Cloudflare's Latest Options Trends - Cloudflare ( NYSE:NET )

Deep-pocketed investors have adopted a bullish approach towards Cloudflare NET, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/12/42516552/behind-the-scenes-of-cloudflares-latest-options-trends

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Cloudflare Inc. Price History

08.10.2024 - NET Stock was down 6.6%

• Despite solid performances and a bullish surge in the past, Cloudflare's stock experienced a bearish movement today.
• The unusual options activity indicating a bearish approach from deep-pocketed investors might have contributed to the downward pressure on the stock.
• Market players might have reacted to the uncertainty surrounding Cloudflare's upcoming Q3 earnings report, leading to a sell-off in the stock.
• The macroeconomic headwinds could have played a role in investors' cautious approach towards Cloudflare's stock today.

08.10.2024 - NET Stock was down 6.7%

• Unusual bearish options activity on Cloudflare's stock suggests that deep-pocketed investors are taking a negative stance on the company's future prospects.
• Despite Wall Street's bullish expectations for Cloudflare's Q3 earnings report, the market may have reacted negatively to potential macroeconomic headwinds.
• Conflicting signals from different market players, with some adopting a bearish approach and others signaling a bullish surge, could have contributed to the stock's volatile movement today.

10.09.2024 - NET Stock was up 9.8%

• Cloudflare's appointment of a new President of Product & Engineering, Chirantan "CJ" Desai, signals a strategic move to accelerate growth and innovation, boosting investor confidence in the company's future prospects.
• The bullish sentiment in Cloudflare's options trading indicates a positive market sentiment and strong investor interest in the stock, potentially driving up its price.
• Cloudflare's consistent outperformance compared to the market over the past 5 years, with an impressive annualized return of 37.8%, highlights the company's solid track record and long-term growth potential, attracting more investors to the stock.
• Overall, Cloudflare's continuous focus on product development, market expansion, and strong financial performance have contributed to the stock's bullish movement today, reflecting investor optimism and belief in the company's trajectory.

10.09.2024 - NET Stock was up 9.8%

• The bullish movement in Cloudflare's stock (NET) today can be attributed to:
• Bullish options trading activity, indicating a positive market sentiment towards the company.
• Cloudflare's stock outperforming the overall market, showcasing its strong performance and growth potential.
• Positive key facts such as the stock settling higher than the market and demonstrating consistent growth over the past 5 years.
• The company's impressive average annual return of 37.8% and a significant market capitalization of $27.97 billion further bolster investor confidence in Cloudflare's future prospects.

10.09.2024 - NET Stock was up 7.2%

• Today, Cloudflare (NET) closed at $81.76, marking a +1.58% increase from the previous close.
• With an annualized return of 37.8% over the past 5 years, Cloudflare has consistently outperformed the market, boasting a market capitalization of $27.97 billion.
• Cloudflare's positive market sentiment is driven by its robust financial performance and continuous innovation in the web infrastructure and security sector, positioning it as an appealing investment choice for growth-oriented tech investors.

13.10.2024 - NET Stock was up 8.8%

• Cloudflare's stock showed a bullish movement after displaying a Golden Cross, indicating potential longer-term strength as per technical traders.
• The expectation of Cloudflare's Q3 earnings and revenue beat, driven by the increasing demand for stronger security solutions, likely contributed to the stock's upward trajectory.
• Despite some unusual bearish options activity, the general market sentiment towards Cloudflare remained positive, notably with endorsements from financial experts like Jim Cramer and Goldman Sachs.
• The upcoming third-quarter earnings report, with expectations of solid EPS and revenue numbers, further fueled the bullish surge in Cloudflare's stock as investors positioned themselves for potential market gains.

19.08.2024 - NET Stock was up 5.4%

• Cloudflare's stock, NET, experienced a strong bullish movement today.
• The return of X, a social network, to some users despite a ban in Brazil may have boosted investor confidence in tech companies like Cloudflare.
• The positive performance of Cloudflare over the past 5 years, outperforming the market by 20.19% annually, could have attracted more investors to the stock.
• The market capitalization of Cloudflare standing at $27.13 billion indicates strong investor interest in the company's growth potential, contributing to the bullish movement in the stock price.

07.10.2024 - NET Stock was up 5.2%

• Cloudflare's upcoming third-quarter earnings report is highly anticipated by investors, with expectations of 18 cents in EPS and $424.12 million in revenues. This positive sentiment could have contributed to the bullish surge in the stock price.
• The company's consistent technological innovations and expanding clientele are likely to have boosted investor confidence, despite macroeconomic headwinds.
• The mention of Cramer's pick and Goldman's straddle in the headlines may have added to the positive market sentiment, signaling a potential market play in Cloudflare's stock.

04.11.2024 - NET Stock was up 5.8%

• Cloudflare's stock surged after an upgrade from a prominent analyst, who raised the price target significantly, indicating strong confidence in the company's future performance.
• The partnership with Apple in the realm of intelligence and the recognition of Cloudflare's potential in generative AI technologies could have fueled investor optimism and contributed to the bullish movement.
• The upgrade and positive outlook from the analyst suggest that investors are bullish on Cloudflare's growth prospects and market positioning, leading to increased buying interest and driving the stock price higher.

06.10.2024 - NET Stock was up 5.6%

• Cloudflare's expected positive Q3 earnings are attributed to its growing client base and technological advancements.
• Investor confidence in Cloudflare's ability to overcome macroeconomic hurdles is reflected in the market's favorable reaction to potential client expansion.
• The optimistic investor sentiment driving the bullish movement indicates confidence in Cloudflare's performance and future outlook, potentially sparking heightened stock interest.

17.11.2024 - NET Stock was up 5.0%

• Cloudflare's stock (NET) displayed notable bullish behavior, potentially influenced by growing investor confidence and favorable actions by significant investors towards the company.
• An improved rating for Ecolab Inc. from a respected Wall Street analyst likely played a part in enhancing market optimism, indirectly impacting Cloudflare's stock performance.
• The emphasis on tech and cybersecurity domains, reflected in analyst assessments and trends in options, may have contributed to strengthening belief in Cloudflare's future growth possibilities, ultimately driving today's positive market activity.

18.11.2024 - NET Stock was down 5.2%

• Cloudflare's stock, NET, experienced a bearish trend despite its impressive outperformance of the market over the past 5 years, with an average annual return of 45.96%.
• The bullish options trends for Cloudflare indicated by deep-pocketed investors did not seem to have an immediate positive impact on the stock price today.
• The positive analyst rating upgrades for other companies like Ecolab Inc. did not translate into a broader market sentiment shift, potentially contributing to the bearish movement of Cloudflare's stock.
• Overall, despite Cloudflare's strong historical performance and positive options trends, today's bearish movement could be attributed to broader market factors or specific company developments.