NET Stock Summary and Trading Ideas (Cloudflare Class A | NYSE:NET)

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.

Cloudflare Class A trades on the NYSE stock market under the symbol NET.

As of January 2, 2025, NET stock price climbed to $112.54 with 3,677,345 million shares trading.

NET has a beta of 1.91, meaning it tends to be more sensitive to market movements. NET has a correlation of 0.22 to the broad based SPY ETF.

NET has a market cap of $38.46 billion. This is considered a Large Cap stock.

Last quarter Cloudflare Class A reported $430 million in Revenue and $.20 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.02.

In the last 3 years, NET traded as high as $132.45 and as low as $37.37.

The top ETF exchange traded funds that NET belongs to (by Net Assets): VTI, VO, VXF, VUG, CIBR.

NET has outperformed the market in the last year with a return of +35.2%, while the SPY ETF gained +24.5%. In the last 3 month period, NET beat the market returning +39.1%, while SPY returned +2.2%. However, in the most recent 2 weeks NET has underperformed the stock market by returning -4.3%, while SPY returned -2.9%.

NET support price is $104.93 and resistance is $110.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NET shares will trade within this expected range on the day.