Overall market sentiment at Cloudflare Inc (NET) has been neutral lately. NET receives a neutral rating from the InvestorsObserver Stock Sentiment Indicator.
Cloudflare Inc has a neutral mood reading. Find out what this means for you and get the rest of the leaderboard on NET!
What is stock sentiment?
When it comes to investment decisions, sentiment gives a good idea of what stock investors currently prefer. Sentiment includes short-term technical analysis in its assessment and does not include fundamental analysis such as the company’s profitability. This means that earnings updates and other news can have a huge impact on the overall mood.
Recent trends are a good indicator of current market sentiment. In its simplest form, stocks that are trending up are desirable to investors, while stocks that are currently falling must be unattractive.
InvestorsObserver’s Sentimental Indicator captures both price and volume changes to analyze the latest trends. Typically, an increase in volume means that the current trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent the current sentiment for a particular stock. Since options allow investors to bet on future trends in stocks, we consider the ratio of calls to puts when analyzing market sentiment.
What is happening to NET Stock today?
Cloudflare Inc (NET) stock trades at $ 77.60 as of 2:19 p.m. on Tuesday, April 13, up $ 7.87, or 11.29%, from its previous closing price of $ 69.73. The stock traded between $ 69.84 and $ 78.04 today. The volume today is more active than usual. So far, 6,957,457 shares have been traded, compared to an average volume of 4,006,960 shares.
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More information about Cloudflare Inc.
Cloudflare Inc is a US-based company engaged in the software business. It has built a cloud platform that offers companies a range of network services. The company’s product range includes Argo Smart Routing, Load Balancing, Web Optimization, Mobile Software Development Kit, Cloudflare Access and Cloudflare Spectrum.
For the full stock score report on Cloudflare Inc (NET) stocks, click here.