Cloudflare Inc NET will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 18 cents in EPS and $452.10 million in revenues as the company reports after market hours.
The stock is up 73.71% over the past year, 25.94% YTD.
Let’s look at what the charts indicate for Cloudflare stock and how the stock currently maps against Wall Street estimates.
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Cloudflare stock is exhibiting strong bullish momentum ahead of its fourth-quarter earnings report, with the stock trading above key moving averages. The share price of $144.29 is comfortably above its five-day, 20-day and 50-day exponential moving averages, indicating sustained buying pressure.
Chart created using Benzinga Pro
The eight-day simple moving average at $137.48 reinforces the bullish trend, while Cloudflare stock’s position above its 20-day ($125.15), 50-day ($115.93) and 200-day ($90.08) simple moving averages signals strength across all time frames.
For investors, the technical setup suggests continued upside potential if earnings align with or exceed expectations. The Moving Average Convergence Divergence (MACD) indicator at 8.02 supports strong momentum, but the Relative Strength Index (RSI) at 78.13 places Cloudflare in overbought territory. This could introduce short-term volatility, with the potential for profit-taking.
A strong earnings beat could propel the stock higher, while a miss may test support levels around $125–$115. Traders should watch for potential pullbacks, but the broader trend remains bullish.
Ratings & Consensus Estimates: The consensus analyst rating on Cloudflare stock stands at a Buy currently with a price target of $111.46. The latest analyst ratings from Needham, Baird and Truist Securities imply a 3.67% upside for Cloudflare, with a $146.67 price target.
NET Stock Price Action: Cloudflare stock was trading at $141.53 at the time of publication Thursday.
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