Trade ideas
Cloudflare $Net - Will it swing into a 150%-200% move?Cloudflare NYSE:NET - Will it swing into a 150%-200% move? Cloudflare has a long way to run if it gets back to the all-time high. Price it trading above the EMAs even though we are in a pullback. If it pulls back into the EMAs, it could swing into a 150% - 200% move back to the all-time high. Cyber security will always be a concern. If Cloudflare can continue to solve those problems, especially with the quantum computing threat, Cloudflare will be relevelent.
$NET Bullflagging and Showing Relative StrengthNYSE:NET has been a beast since bottoming. It looks like it's bullflagging (orange channel) currently in a strong uptrend (teal channel). Watching for the bull flag to breakout and then the trendline from ATH in purple.
Target 1: 111
Target 2: 120
Target 2: 131
NET - And another Cup & HandleNET formed a beautiful Cup & Handle and breaking out of it.
54 would have been optimal entry but not too late. This has 2x - 3x potential from here.
Too many confluences here -
1. Based over 75 and forming a Bull Flag on weekly timeframe.
2. Bouncing on 200 Week EMA
3. Over the 2021 ATH VWAP & IPO VWAP
4. The mighty 3rd wave in-progress
Long here with stop loss 75
For now let's target conservatively.
Target #1 110
Target #2 130
$NET might be ready for the next leg upNYSE:NET I traded Cloudflare on the ER day. Since then, the stock has been consolidating between $92 and $101. It might be ready for the next leg up to $122.👀
NET / Cloudfare Pre-Earnings before the big beat Trade ReviewNET on the 15-minute chart demonstrates the swing-long trades of this past week. 5-6 entries
and 3-4 exits- accumulating a few shares at a time and closing only one at a time to gradually
average up. The setup is explained in the chart textboxes. Using TV indicators for line crossing
alerts to minimize the effort of time. Trade is still open and following the trend of price action.
NET reached orbit in the last-minute run-up before the big earnings beat. Nine shares
and one call contract on the ready for the launch with advanced planning. It was good enough
for now. The call contract will come off the table before the NY lunch hour. The shares will run
the weekend and be on watch for over-extension and fade next week.
Cloudflare Shares Spike 8% After Upbeat First-Quarter Forecasts
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 (NYSE: NYSE:NET ) financial projections, recent performance, and market outlook, providing insights into the company's position in the rapidly evolving cloud computing landscape.
1. Strong Q1 Revenue and Profit Projections:
Cloudflare (NYSE: NYSE:NET ) anticipates first-quarter revenue to range between $372.5 million and $373.5 million, exceeding analysts' expectations. Projected adjusted earnings stand at 13 cents per share, higher than the consensus estimate of 12 cents. Meanwhile, the robust forecasts underscore Cloudflare's (NYSE: NYSE:NET ) confidence in its ability to capitalize on surging demand for cloud and cybersecurity services.
2. Factors Driving Growth:
Demand Surge: The accelerated digitization of operations by enterprises has led to a surge in demand for cloud and cybersecurity services. Cloudflare stands to benefit from this trend, offering a suite of website and application services tailored to modern digital workflows.
Client Retention: Cloudflare's emphasis on client retention as a driver of topline growth is underscored by significant wins in both new customer acquisitions and renewals, as highlighted by CEO Matthew Prince.
Resilience Against Cyber Threats: Despite facing attempted cyber intrusions, Cloudflare (NYSE: NYSE:NET ) has demonstrated resilience, with minimal operational impact. This resilience enhances the company's reputation for robust cybersecurity infrastructure.
3. Financial Performance:
- Fourth-quarter revenue soared by 32% to $362.5 million, surpassing analyst expectations.
- Adjusted earnings per share stood at 15 cents, further exceeding analyst forecasts.
- Cloudflare's impressive financial performance reflects its ability to effectively leverage market opportunities and deliver value to shareholders.
4. Technical Outlook:
Positive Momentum: Cloudflare (NYSE: NYSE:NET ) is experiencing positive momentum, evident from its rising trend channel in the medium to long term. Cloudflare (NYSE: NYSE:NET ) stock recently broke out of a rectangle formation, indicating potential further upside towards the $133 mark or beyond.
5. Market Position and Outlook:
Competitive Landscape: Cloudflare operates in a competitive landscape dominated by evolving technological trends and innovations. However, its focus on delivering robust cloud and cybersecurity solutions positions it favorably among competitors. With increasing reliance on cloud-based services and cybersecurity infrastructure, Cloudflare (NYSE: NYSE:NET ) is poised for sustained growth. The company's proactive approach to innovation and customer-centric solutions bodes well for its long-term prospects.
Conclusion:
Cloudflare's optimistic revenue and profit forecasts, coupled with its resilient financial performance and positive technical outlook, underscore its position as a key player in the cloud computing and cybersecurity sectors. As enterprises continue to prioritize digital transformation initiatives, Cloudflare (NYSE: NYSE:NET ) is well-positioned to capitalize on evolving market dynamics and deliver value to shareholders in the foreseeable future.
NETBeautifully set and nestled above 12s and 21s here on weekly having consolidated along first quarter since early Dec, looking ready for move higher. Bbands suggesting expansion soon, and breakout if above 90.
$NET - TemptingNYSE:NET Cloudflare stock is forming a pennant pattern going into the earnings today.
It is an interesting earnings report play for a breakout. If the earnings report is bad, the stock could drop to $71. So be aware of the risk.
Upside Targets:
$95
$105
$115
Downside risk:
$71
NET Volatility Contraction Pattern leading into EarningsNET has earnings coming up, but showed an entry signal today with the Pocket Pivot moving up and through the 10 and 20 dmsa. Thus far it is making higher lows as this is the first constructive base after breaking into the Stage 2 uptrend two months ago. Could enter here risking the most recent low. Risky with earnings coming up soon.
Cloudflare: Downhill 🏂In the chart of Cloudflare, the last high should have set the top of the orange-colored wave b, which we count as a sub-wave of the larger (ii) in blue. Accordingly, we expect another setback to below the support at $75.50, where the reversal should finally be initiated in the blue Target Zone (coordinates: $67.96 - $57.11). Prices within this range can be used to enter long positions. Only a significant breach of the resistance at $86.91 would convince us that the price will rise imminently with wave alt. (i) in blue. This option is 33% likely.
$NET near pivotCloudflare develops software for firewall, routing, traffic optimization, load balancing, and other network services
IS ranked #1 in its industry by IDB and has a IBD relative strength rating of 94.
research.investors.com
NYSE:NET is looking very good, it just gapped up after a flag patter and is on its way to new highs
A close above $87.75 would be my signal to buy with a target sell at $110
I'd use the gap zone as support zone to place my stop just below it, is good risk-reward.
NETCloudflare, Inc. is an American company that provides content delivery network services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration services. Cloudflare's headquarters are in San Francisco, California.
Continuation buy/long.
NET LONGAccording to the graph we have a bearish to bullish situation, with clear lows rising, a last resistance line broke and returned to check support, after you change direction and start to rise, the next resistance level is at 122.8 with a profit of 60%.
Neither recommendation nor financial advice.
NETCloudfare broke out of accumulation with a break above HNS. RTI suggest strong momentum for this AI stocks.
Watch for it.
$NET breakout after 6 months consolidationNYSE:NET looks like Stage 2 breakout. 30 week ma trending up. Will look to add on pullback to key MA's.
NET weeklyThe NET weekly is looking ready to break out of a long term trading range. NET has been in a long term horizontal channel, now with an ascending triangle forming. Look for volume confirmation of a break above resistance.
NET looking to break outNET is looking to break out of its long term trading range. Keep on eye on a strong move with volume.
Cloudflare: Above the Clouds ☁️Cloudflare shares have continued their strong rise over the past few days, overcoming resistance at $72.00. This development was an important step on the upward journey and should generate further upward momentum. The magenta wave (iii) should be continued up to around $92.
Cloudflare Eyes Growth From Artificial Intelligence InvestmentsFrom a technical view, NET stock owns a 76.07 buy point from a consolidation. For more aggressive investors, there's a lower 66.24 buy point — the Nov. 7 high. NET stock has cleared resistance in the 66 trading area. A 5% buy zone extends to 69.55.
Started in 2009, Cloudflare speeds up and provides security for web applications routed through its intelligent global network. When the company released third-quarter earnings for NET stock on Nov. 2, management updated analysts on its AI infrastructure plans.
NET Stock: Deploying Nvidia AI Chips
As of Oct. 31, Cloudflare told analysts it had deployed "inference-optimized" Nvidia (NVDA)-made GPUs in 75 cities. It plans to deploy the Nvidia chips in 100 cities by the end of 2023.
In 2024, Cloudflare aims to deploy the Nvidia AI chips in 300 locations worldwide. The AI networking cards are simply plugged into computer server PCI slots, lowering capital spending needs.
Cloudflare Q3 Earnings Beat
In addition, Cloudflare has set a long-term goal of $5 billion in annual recurring revenue, or ARR, from subscription-based services. Its 2022 revenue stood at $975.2 million.
Cloudflare earnings for the quarter ending Sept. 30 were 16 cents a share, up 166% from 6 cents a year earlier.
Revenue climbed 32% to $335.6 million, the San Francisco-based company said. Analysts predicted profit of 10 cents a share and revenue of $330.5 million.
In Q3, Cloudflare said it added 206 new large customers that spend more than $100,000 annually. It ended the quarter with 2,558 large customers, up 34% from a year earlier.
Price Momentum
NET is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
$NET: Potential Failure at 60NYSE:NET has seen a vicious break through 60 and growth tech in general is having it's struggles. I suspect there may be further to fall here following this dip.
NET Short Term BearishNET is looking like a short opportunity. Firm support at 41.52 is the obvious long entry. Unless this pattern is broken and retested to the upside I am not touching this name.
PS- Not Financial advice. Do your own due diligence.
