[DAILY TRADING] Cloudflare (NET) Analysis 11 August 2026 – Stock at Record Closing High After Earnings Beat

The NET stock price today sits at $310.41 on the Vantage NET CFD, as of 08:40 (UTC), 16:40 (GMT+8) on 11 August 2026. That is just off Cloudflare’s all-time closing high of $310.59, set a day earlier on the New York Stock Exchange.^[1] Cloudflare stock, or NET, has had a busy fortnight, and this piece reads the price action and the news behind it, not the trade.

Current prices and technical readings below reference the Vantage NET CFD unless otherwise stated. This is not financial advice.

Key Points

• Cloudflare stock has held near record territory after a second-quarter revenue beat and a raised full-year outlook sent shares sharply higher.
• A $2.175 billion convertible note offering, announced this week, briefly rattled the Cloudflare stock price in pre-market trading before shares recovered.
• Multiple sell-side firms lifted their outlook for NET stock after earnings, though one firm’s smaller, more cautious move shows the Cloudflare stock forecast is not uniformly rosy.

What the Chart Is Showing

On the fifteen-minute chart, the Vantage NET CFD opened the latest session at $310.70, ran to a high of $312.61, dipped to $309.61, and last traded at $310.41, down $0.38, or 0.12%. That is the Cloudflare stock price on the most recent bar; volume read 95.3K on the Vantage CFD feed.

The chart legend puts the 50-period moving average at $292.48 and the 200-period moving average at $304.06, both from the TradingView setup used for this analysis. Price is currently above both moving averages, keeping the short-term technical structure constructive.

Zoom out to 24 July and the pattern is a stair-step: shares climbed from around $260 toward $300 by early August, then surged above $320 around 7 August before pulling back toward the $290 area, and have since recovered toward $310. A pre-market marker showed $308.92.

The RSI (14, close) reads 65.21, with its moving average at 58.08, both from the TradingView setup used for this analysis. Firm without being stretched, well off the above-80 reading touched on 7 August.

The Earnings Beat Behind the Cloudflare Stock Rally

Cloudflare’s second-quarter 2026 numbers, released after the close on 6 August 2026, showed revenue up 35.9% year on year to $696.1 million, beating estimates, with non-GAAP earnings per share of $0.29 running 7.5% ahead of consensus and next-quarter guidance also topping expectations, sending the Cloudflare stock price sharply higher in the following trading session.^[2]

On the earnings call, RBC Capital Markets analyst Matt Hedberg called the quarter “stellar.”^[3]

Billings grew 34.8% to $753.5 million, as demand for Cloudflare’s developer and AI-related offerings continued to strengthen. Cloudflare also said that non-human traffic had surpassed half of the traffic on its network during the quarter.^[4] Management raised its full-year revenue outlook to $2.864 billion to $2.870 billion, even as adjusted operating margin slipped 30 basis points to 13.8%.^[5]

GAAP net loss widened to $170.0 million from $50.4 million a year earlier, with $151 million of restructuring tied to the AI-first workforce cuts Cloudflare made in May, trimming about a fifth of its staff. The full-year restructuring bill could run as high as $165 million.^[6]

A Note Sale and a Split Verdict on the Cloudflare Stock Forecast

Cloudflare had announced a $2.175 billion convertible senior-note offering due 2031, with pricing subsequently announced on 11 August 2026, with conversion obligations settled in cash, shares, or a combination of the two.^[7] Shares briefly dipped around 2.3% in pre-market trading as investors weighed the potential dilution associated with the offering.^[8] By the close on 10 August, NET stock had shrugged it off entirely, finishing up 3.47% at a fresh record closing high.^[9]

Several sell-side firms raised their price outlooks following the earnings report, although the size of those increases varied.^[10] Scotiabank called the quarter’s revenue growth a “knockout” as it raised its own figure to $390.^[11] Susquehanna moved too, but only to $300 from $200 while keeping a neutral stance, a reminder that not every desk is convinced the rally has further to run. That split verdict is an important part of the Cloudflare stock outlook following earnings.^[12]

Levels Traders Are Watching

The levels below are reference points from the chart and recent price history, not signals to act on.

Level	Price	What It Represents
50-period MA	$292.48	Broader trend reference on the 15-minute chart
200-period MA	$304.06	Nearer-term pivot on the 15-minute chart
Former resistance, now support	$290.80	Flagged pre-earnings; has since held as support
All-time closing high	$310.59	Record close reached 10 August 2026
52-week high (intraday)	$324.73	High point of the post-earnings move

Table 1: Key levels as of 11 August 2026. Sources: TradingView, MacroTrends, TradingKey. Indicative only.

Cloudflare stock has swung hard in both directions this earnings cycle, and the fifteen-minute chart’s range, from the post-earnings spike near $325 down to the pullback toward $290, is wider than usual. Stop Loss placement relative to the 200-period moving average near $304.06 and the old resistance zone near $290.80 is worth extra thought while that range stays live.

Leverage on a CFD like this one cuts both ways, magnifying losses just as readily as gains. Position sizing relative to account equity deserves a second look given how much this stock has moved this week.

For more Cloudflare news today, Earnings News Today and Stock Market News Today tags track this story, and Technical Analysis and Nasdaq News Today tags cover the wider tape. Trade Cloudflare and other US share CFDs on the Vantage US Shares platform.

Related Reading on Vantage

• Trade US Share CFDs with Vantage
• Earnings News Today
• Stock Market News Today
• Nasdaq News Today
• Technical Analysis
• What Is a Stop Loss
• Position Sizing
• What Is Leverage in Trading
• Relative Strength Index (RSI)

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References

[1] “Cloudflare – 7 Year Stock Price History | NET | MacroTrends” https://www.macrotrends.net/stocks/charts/NET/cloudflare/stock-price-history Accessed on 11 August 2026.

[2] “Cloudflare (NYSE:NET) Reports Bullish Q2 CY2026, Stock Jumps 14.9% – StockStory” https://stockstory.org/us/stocks/nyse/net/news/earnings/cloudflare-nysenet-reports-bullish-q2-cy2026-stock-jumps-149percent Accessed on 11 August 2026.

[3] “Earnings Call Transcript: Cloudflare Tops Estimates in Q2 2026, Shares Jump 17% – Investing.com” https://www.investing.com/news/transcripts/earnings-call-transcript-cloudflare-tops-estimates-in-q2-2026-shares-jump-17-93CH-4844728 Accessed on 11 August 2026.

[4] “Cloudflare (NET) Shares Skyrocket, What You Need To Know – Yahoo Finance” https://finance.yahoo.com/markets/stocks/articles/cloudflare-net-shares-skyrocket-know-223722121.html Accessed on 11 August 2026.

[5] “NET Stock – Cloudflare Stock Price – NYSE: NET | Morningstar” https://www.morningstar.com/stocks/xnys/net/quote Accessed on 11 August 2026.

[6] “Cloudflare (NET) Stock Climbs As Agent Growth Fuels A Costly Pivot – Simply Wall St News” https://simplywall.st/stocks/us/software/nyse-net/cloudflare/news/cloudflare-net-stock-climbs-as-agent-growth-fuels-a-costly-p/amp Accessed on 11 August 2026.

[7] “Cloudflare Prices $2.175 Billion Convertible Notes Offering – Investing.com” https://www.investing.com/news/company-news/cloudflare-prices-2175-billion-convertible-notes-offering-93CH-4850910 Accessed on 11 August 2026.

[8] “Cloudflare Inc Stock Price Today | NYSE: NET Live – Investing.com” https://www.investing.com/equities/cloudflare-inc Accessed on 11 August 2026.

[9] “Cloudflare Inc Stock (NET) Closed Up by 3.47% on Aug 10: What Signal Does It Send? – TradingKey” https://www.tradingkey.com/news/market-movers/262093510-market-movers-net-20260810 Accessed on 11 August 2026.

[10] “NET Stock Quote Price and Forecast – CNN” https://www.cnn.com/markets/stocks/NET Accessed on 11 August 2026.

[11] “Cloudflare (NET) Stock Price & Overview – StockAnalysis.com” https://stockanalysis.com/stocks/net/ Accessed on 11 August 2026.

[12] “Cloudflare (NYSE:NET) Stock Price Expected to Rise, Susquehanna Analyst Says – MarketBeat” https://www.marketbeat.com/instant-alerts/cloudflare-nysenet-stock-price-expected-to-rise-susquehanna-analyst-says-2026-08-10/ Accessed on 11 August 2026.