Cloudflare Inc. ($NET) Stock Forecast: Up 8.8% Today

What is Cloudflare Inc.?

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

Why is Cloudflare Inc. going up?

NET stock is up 8.8% on Nov 13, 2024 16:07

• 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.

NET Price Chart

NET Technical Analysis

NET News

Cloudflare's Golden Cross, AI Innovation Signal Next Growth Phase - Cloudflare ( NYSE:NET )

Cloudflare Inc. NET just flashed a Golden Cross-a classic bullish signal that has technical traders buzzing. Cloudflare stock's 50-day moving average has crossed above the 200-day simple moving average ( SMA ) , hinting at potential longer-term strength.

https://www.benzinga.com/24/11/41943049/net-golden-cross-ta

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

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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.

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.

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 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.