Cloudflare Inc (NET) stock is lower by 20.20% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With NET Stock Today?
Cloudflare Inc (NET) stock is lower by -14.24% while the S&P 500 has risen 0.21% as of 2:40 PM on Thursday, May 6. NET is down -$11.25 from the previous closing price of $78.99 on volume of 6,212,528 shares. Over the past year the S&P 500 is higher by 45.60% while NET has risen 176.38%. NET lost -$0.40 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Cloudflare Inc click here.
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 Score Report on Cloudflare Inc (NET) Stock.
