The market has been down on Cloudflare Inc (NET) stock recently. NET gets a Bearish score from InvestorsObserver Stock 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!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 $71.31 as of 9:37 AM on Friday, Aug 19, a loss of -$1.73, or -2.37% from the previous closing price of $73.04. The stock has traded between $70.09 and $71.72 so far today. Volume today is light. So far 17,381 shares have traded compared to average volume of 5,405,519 shares.
To screen for more stocks like Cloudflare Inc click here.
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.