NET NYSE Week ended 24 Jul 2026

Weekly Investor Report

Cloudflare Inc · Technology · Software - Infrastructure

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Latest close 262.1 USD
-5.6% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 24.7% above the Trend Line and sits at 78.2% of its 52-week range. The latest completed week returned -5.6%, after a 10.5% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth ranks strongly; valuation is expensive relative to peers. Options positioning is volatility with 48/100 conviction, while the latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal; earnings are due in 6d.

Setup score 63 out of 100
Latest Close 262.1 USD 24 Jul 2026
1W Return -5.6% latest completed week
4W Return 10.5% short-term follow-through
12W Return 20.5% quarterly tape
Trend Breadth 53.8% 28 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
What is working
  • The trend backdrop is active with a 9-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 12 reversal markers appear in the recent smart-money tape.
  • The latest week was a sharp negative move.
  • Latest weekly return ranks in the weaker part of its sector group.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -5.6% Latest completed week; four-week move 10.5%. Indicator stack 61/78 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Volatility 48/100 conviction; expected move 5.4%. News sentiment 50/100 56 relevant articles in the latest sentiment read. Event risk 6d Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 24.7% above the Trend Line and sits at 78.2% of its 52-week range. The latest completed week returned -5.6%, after a 10.5% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.8112-week average 0.63

12-week confirmation

Trend active9/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership8/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.81Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers1212 reversal markers

No recent accumulation markers. 12 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 10.5% over four weeks, 20.5% over 12 weeks, and 32.1% over one year. The current trend has remained active for 9 consecutive weeks.

Performance by holding period

1W-5.6%
4W10.5%
12W20.5%
26W51.1%
52W32.1%
Active trend streak9 weeks
Active weeks in one year28
Trend breadth53.8%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.41Latest activity-pressure read.
Pressure change34.8%Four-week change in activity pressure.
Leadership15.48Latest relative-leadership reading.
RS change118.3%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth ranks strongly; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Dec 2025 Field coverage 88% Model confidence 84%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength12/100Blend of value, momentum, and quality. Underlying universe rank 89; rank 1 is best.
Value5/100Relative valuation strength. Underlying universe rank 96; rank 1 is best.
Quality33/100Profitability and accounting quality. Underlying universe rank 68; rank 1 is best.
Momentum76/100Medium-term price momentum. Underlying universe rank 25; rank 1 is best.
Growth83/100Revenue and earnings growth. Underlying universe rank 18; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
40.0x
Market value relative to trailing revenue.
EV / EBITDA
693.5x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
1.0%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
73.3%
Gross profit retained from each unit of revenue.
Operating margin
-2.9%
Operating profit retained from revenue.
Free-cash-flow margin
43.1%
Free cash flow generated from revenue.
Return on invested capital
-1.2%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
31.6%
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
39.1%
Latest one-year free-cash-flow growth.
Piotroski F-score
4/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
-0.1%
Net share repurchases relative to market value.
Shareholder yield
-0.1%
Dividend yield plus net buyback yield.
Net debt / EBITDA
18.7x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningVolatility

NET shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 0.49, expected move of 5.4%, and Sharemaestro trend signal active.

Conviction48/100
Expected move5.4%
Put/call volume0.49
Pressure36
Speculation41
Volatility78
Trend agreement62
Open options detail
Insider activity3 / 17

3 acquisitions and 17 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment50/100

Weighted news tone is neutral across 56 relevant articles.

4 positive · 48 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings6dNext report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
Options expected move5.4%Nearest-chain priced movement where available.
52-week drawdown-9.9%Distance below the 52-week high.
13-week volatility6.7%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher17 of 269 weeks finished lower.
Best week+20.4%Week of 17 Apr.
Worst week-21.1%Week of 10 Apr.
Latest week-5.6%Week of 24 Jul.

Shape of recent returns

Strong gains10
Modest gains7
Flat weeks0
Modest losses3
Sharp losses6
Recent vol6.7%13-week weekly-return volatility.
Base vol7.5%52-week weekly-return volatility.
Up/down split31/21Count of positive and negative weeks in the 52-week window.
Average skew5.5% / -6.1%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape60/100

Trend, activity pressure, participation, and risk combine to a 60/100 tape read.

 Indicator analysis67/100

Latest 12-week confirmation: trend 9/12, activity pressure 12/12, relative leadership 8/12.

Activity pressure 0.81; 12 reversal markers Factors29/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 71 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options52/100

NET shows volatility options pressure with a 48/100 conviction score, put-call volume ratio of 0.49, expected move of 5.4%, and Sharemaestro trend signal active.

Volatility · Volatility expansion watch · Expected move 5.4% Sentiment50/100

Weighted news tone is neutral across 56 relevant articles.

Cloudflare (NET) Laps the Stock Market: Here's Why Insiders3 / 17

3 acquisitions and 17 disposals in the latest 180-day insider tape.

 Earnings6d

Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.

 Research flow2 items

2 recent research articles and 0 Market Watch posts are available.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 2026262.1 USD-5.6%210.2 USD136.9 USD1.4115.4813.5MOn
17 Jul 2026277.7 USD3.5%208.2 USD135.6 USD1.3021.9014.7MOn
10 Jul 2026268.4 USD10.7%205.4 USD134.3 USD1.0116.4217.3MOn
3 Jul 2026242.4 USD2.2%203.2 USD133.0 USD0.866.9911.5MOn
26 Jun 2026237.2 USD5.9%201.8 USD131.8 USD1.047.0917.8MOn
19 Jun 2026224.1 USD-1.9%200.6 USD130.7 USD1.12-1.2213.1MOn
12 Jun 2026228.5 USD-8.6%199.4 USD129.7 USD1.101.6319.1MOn
5 Jun 2026250.1 USD3.4%198.8 USD128.7 USD0.9412.0026.4MOn
29 May 2026241.8 USD11.9%198.2 USD127.5 USD0.675.8216.8MOn
22 May 2026216.2 USD9.4%198.6 USD126.4 USD0.51-3.8114.9MOff
15 May 2026197.6 USD0.7%198.6 USD125.4 USD0.47-11.2523.9MOff
8 May 2026196.1 USD-9.8%199.0 USD124.5 USD0.51-11.7142.6MOff
1 May 2026217.5 USD5.0%199.6 USD123.5 USD0.360.4015.2MOff
24 Apr 2026207.1 USD3.0%199.6 USD122.4 USD0.31-3.0111.8MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.