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Should You Buy Cloudflare Inc (NET) Stock on Friday?

Friday, July 01, 2022 11:58 AM | InvestorsObserver Analysts
Should You Buy Cloudflare Inc (NET) Stock on Friday?

Cloudflare Inc (NET) stock is lower by 13.72% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Cloudflare Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NET!

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 trading at $44.73 as of 11:47 AM on Friday, Jul 1, a gain of $0.91, or 2.08% from the previous closing price of $43.82. The stock has traded between $43.22 and $45.55 so far today. Volume today is low. So far 1,798,501 shares have traded compared to average volume of 5,919,683 shares.

More About Cloudflare Inc

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers. Click Here to get the full Stock Report for Cloudflare Inc stock.

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