Is Cloudflare Inc (NET) Stock About to Get Hot Wednesday?

Wednesday, January 19, 2022 03:11 PM | InvestorsObserver Analysts

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Cloudflare Inc (NET) stock has fallen 15.66% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Cloudflare Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NET!
See Full NET Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NET Stock Today?

Cloudflare Inc (NET) stock is higher by 2.8% while the S&P 500 is lower by -0.16% as of 3:06 PM on Wednesday, Jan 19. NET is up $2.62 from the previous closing price of $93.64 on volume of 3,904,644 shares. Over the past year the S&P 500 is up 20.29% while NET is up 18.20%. NET lost -$0.70 per share in the over the last 12 months.

More About Cloudflare Inc

Cloudflare Inc is a United States-based company engaged in the software business. It has built a cloud platform that delivers a range of network services to businesses. The product offerings of the company include Argo Smart Routing, Load Balancing, Web Optimizations, Mobile Software Development Kit, Cloudflare Access, and Cloudflare Spectrum among others. Click Here to get the full Stock Report for Cloudflare Inc stock.

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