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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
01/17/2025 16:27:00 EST
Cloudflare Inc (NET)
Industry: Software - Infrastructure
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, NET has been trading in a range between $115.70 and $107.68 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
NET is trading below resistance at $117.56, about 0% to the upside. There is support at $93.80 -20% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Cloudflare Inc $NET entered a Green zone 82 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $101.5687, a potential down side of -13.31% from the recent price of 117.16. The stock is trading 1.93% (potential upside) below its 52 week high of $119.42 and 76.87 % (potential downside) above its 52 week low of $66.24 - based on the recent price.
Company Summary
Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.
News
| Why Cloudflare Stock Is Soaring Today Shares of cybersecurity firm Cloudflare (NET 3.97%) were up Friday, gaining 3.9% as of 12:30 p.m. ET. The stock was up as much as 5.4% earlier in the day. Source: The Motley Fool Fri, 17 Jan 2025 13:20:40 -0500 Sentiment: Positive |
| Here's Why Cloudflare (NET) is a Strong Growth Stock The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Source: Zacks Investment Research Fri, 17 Jan 2025 10:46:19 -0500 Sentiment: Positive |
| 2 Cloud Stocks Soaring After Upgrades Cloud-software stocks Salesforce Inc (NYSE:CRM) and Cloudflare Inc (NYSE:NET) are getting bullish attention today. Source: Schaeffers Research Fri, 17 Jan 2025 09:20:49 -0500 Sentiment: Positive |
| Why the Market Dipped But Cloudflare (NET) Gained Today Cloudflare (NET) reachead $114.82 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close. Source: Zacks Investment Research Thu, 16 Jan 2025 19:06:23 -0500 Sentiment: Positive |
| Cloudflare: Strong Fundamentals Justify A Premium I see Cloudflare as a high-quality investment despite its premium valuation. I believe its focus on vendor consolidation and enterprise growth positions it well for the future. I recognize the risks of a weaker balance sheet but remain optimistic about its profitability expansion. Source: Seeking Alpha Tue, 14 Jan 2025 10:46:27 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 121.02 52 Week Low: 66.24 Beta: 1.097 50 Day MA: 106.343 200 Day MA: 87.7106 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 0.282 Forward PE: 140.8451 Trailing PE: 0