Cloudflare Inc. shares ( NYSE:NET ) fell by 18.35% after the company's second-quarter revenue projections fell short of analysts' expectations. The company estimated revenue to be between $393.5 million and $394.5 million in the second quarter, with the midpoint missing analysts' estimates of $394.5 million. This has raised concerns about the company's ability to...
Cloudflare Inc. (NYSE: NYSE:NET ) has recently announced its first-quarter revenue and profit forecasts, surpassing market estimates. The company's optimistic outlook is fueled by the growing demand for its cloud and content delivery services, reflecting a broader trend of enterprises accelerating their digital transformations. Let's delve into Cloudflare's...
As Cloudflare Inc is in last leg of selling. My advice would be accumulate at this levels for the short term and as well as long term. My Strategy would be invest in the time horizon for 4-5 Years.
Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11)
Our short term bias remains negative.
Daily signals are bearish.
The medium term focus remains bearish and intraday rallies continue to find sellers.
The trend of lower highs is located at 54.00.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Levels close to...
Cloudflare - Short Term - We look to Sell at 122.48 (stop at 132.12)
We look to sell rallies. Bespoke resistance is located at 120.00. The bias is still for lower levels and we look for any gains to be limited. Choppy price action seen. We look for a temporary move higher.
Our profit targets will be 94.27 and 83.10
Resistance: 120.00 / 140.00 / 170.00
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