Cloudflare Inc. ($NET) Stock Forecast: Down 6.6% Today

What is Cloudflare Inc.?

Cloudflare Inc. (NYSE: NET) is a company that provides cloud-based services to secure and optimize websites. The stock has shown a bearish movement today.

Why is Cloudflare Inc. going down?

NET stock is down 6.6% on Nov 8, 2024 19:06

• 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.

NET Price Chart

NET Technical Analysis

NET News

Can Cloudflare's Q3 Earnings & Revenue Beat Push the Stock Upward?

NET's third-quarter results reflect solid performances across its segments, driven by the growing need for stronger security and zero-trust approach.

https://www.zacks.com/stock/news/2367682/can-cloudflares-q3-earnings-revenue-beat-push-the-stock-upward

Cloudflare Unusual Options Activity For November 08 - Cloudflare ( NYSE:NET )

Deep-pocketed investors have adopted a bearish 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/24/11/41846133/cloudflare-unusual-options-activity-for-november-08

Cloudflare's Bullish Surge: Does Cramer's Pick, Goldman's Straddle Signal A Market Play? - Cloudflare ( NYSE:NET )

Cloudflare Inc NET will report third-quarter earnings on Thursday. Wall Street expects 18 cents in EPS and $424.12 million in revenues as the company reports after market hours. The stock is up 40.17% over the past year, 16.58% YTD.

https://www.benzinga.com/trading-ideas/technicals/24/11/41810238/cloudflares-bullish-surge-does-cramers-pick-goldmans-straddle-signal-a-market-play

Cloudflare Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?

NET's Q3 2024 results are likely to reflect benefits from an expanding clientele supported by its technological innovations despite macroeconomic headwinds.

https://www.zacks.com/stock/news/2364645/cloudflare-set-to-report-q3-earnings-buy-sell-or-hold-the-stock

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Cloudflare Inc. Price History

04.08.2024 - NET Stock was down 5.0%

• Despite bullish options activity for Cloudflare, the stock saw a bearish movement, suggesting a disconnect between investor sentiment and market performance.
• The bearish movement may be due to profit-taking by traders who may have noticed a recent rise in the stock price, leading to a brief pullback.
• Broader market conditions or sector-specific factors could have influenced the bearish movement in Cloudflare's stock, overshadowing positive options activity.

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.

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.

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.

13.07.2024 - NET Stock was up 5.3%

• The bullish movement in NET could be attributed to the confidence investors have in the company, despite the CEO selling shares worth over $12 million.
• Investors might see this move as a strategic profit-taking opportunity for the CEO rather than a signal of underlying issues within the company.
• The market might be interpreting this sale as a way for the CEO to diversify personal holdings or take advantage of the stock's recent price strength.
• Overall, the strong bullish movement in NET indicates that investors remain optimistic about the company's future prospects and growth potential.

05.07.2024 - NET Stock was up 6.0%

• Cloudflare's stock (NET) surged over 10% in after-hours trading following the release of better-than-expected second-quarter results and an increase in full-year 2024 guidance.
• The positive earnings report and upbeat guidance contributed to the bullish momentum as investors reacted favorably to the company's performance.
• Analysts raising their target for Cloudflare after the strong Q2 results and outlook also added to the positive sentiment surrounding the stock.
• The market's reaction indicates confidence in Cloudflare's ability to capitalize on client wins and expand its presence among large enterprise customers, driving the stock higher.

05.07.2024 - NET Stock was up 14.0%

• Cloudflare's stock saw a surge of over 10% in after-hours trading post the release of better-than-expected second-quarter results and a positive outlook for the full year.
• The company's strong Q2 earnings report, exceeding market expectations and an improved guidance for fiscal year 2024, contributed to the positive momentum.
• Positive analyst feedback, including the increase in Cloudflare's target price by Guggenheim following the robust results, added to investor confidence.
• Cloudflare's strong performance and optimistic future outlook demonstrate its ability to benefit from the rising demand for web security and content delivery solutions, boosting investor interest and lifting the stock price.