Cloudflare Slumps to 300th in Trading Volume Ranking as Bearish Sentiment Surges

On April 10, 2025, Cloudflare (NET) experienced a significant decline, with its trading volume reaching $408 million, marking a 47.89% decrease from the previous day. This placed Cloudflare at the 300th position in terms of trading volume for the day. The stock price of Cloudflare dropped by 6.27%.

Recent options trading activity indicates a bearish stance among large investors towards Cloudflare. Significant options trades were detected, with a majority being puts, suggesting a pessimistic outlook. The overall sentiment among these traders is split, with 11% being bullish and 55% being bearish. The projected price targets for Cloudflare over the next three months range from $75.0 to $150.0, reflecting the diverse expectations among investors.

Cloudflare, a San Francisco-based software company, offers security and web performance solutions through a distributed, serverless content delivery network (CDN). The company's edge computing platform, Workers, allows clients to deploy and execute code without maintaining servers. Despite recent financial losses, Cloudflare continues to drive enterprise sales, contributing to its quarterly performance.

Analysts have provided mixed ratings for Cloudflare. UBS and Piper Sandler maintain a Neutral rating, while B of A Securities and Goldman Sachs have upgraded their ratings to Buy. Citizens Capital Markets has downgraded its rating to Market Outperform. The average target price among analysts is $149.6, indicating a potential upside for the stock.

TD Cowen recently adjusted its price target for Cloudflare, lowering it to $150 from the previous $162. This revision comes amidst concerns over Cloudflare's decelerating sales growth, which reported a 29% revenue increase in 2024. Despite these challenges, Cloudflare's enterprise sales continue to drive its quarterly performance, contributing to its overall market valuation.