Cloudflare ( (NET) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cloudflare’s stock price is experiencing unusual movement due to concerns about its high valuation, despite analysts increasing price targets based on the company’s strategic potential and market expectations. The anticipation of significant price changes following the upcoming earnings report, coupled with high pre-earnings options activity, adds to the market’s uncertainty.
More about Cloudflare
YTD Price Performance: 78.47%
Average Trading Volume: 3,415,642
Technical Sentiment Signal: Buy
Current Market Cap: $69.12B
For further insights into NET stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.