NASDAQ · STOCK
Cloudflare Inc.
$278.87
52W $158.83 – $293.80
51/100
$98.92B
—
1.67
Is NET Bullish or Bearish?
Mixed.
Innellis AI committee rates Cloudflare Inc. (NET) Watch with a composite score of 51/100
, based on 7 analysts with 43% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +9.27 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -10.73 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.40 across 16 articles, 14d). Risk Analyst remains cautious — high leverage (debt-to-equity 2.24) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 31.6% YoY -- genuine top-line momentum — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Price-to-book of 47.3x prices in significant intangible value — Value
- ROE of only -6.2% -- cheap may mean cheap for a reason — Value
- Debt-to-equity of 2.24 adds balance-sheet risk to the value case — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 72 is in overbought territory — Technical
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
51/100
Agreement
43%
Analysts
7
Conviction
Contested
Sector Rank
Top 82%
of 172 Technology peers
Value Analyst
bearish
32
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 47.3x prices in significant intangible value
Growth Analyst
bullish
67
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 31.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− RSI at 72 is in overbought territory
Risk Analyst
bearish
30
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.24) amplifies downside in a stress scenario
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.40 across 16 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 53.2 to 50.7.
- Committee agreement fell notably from 57% to 43%.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: stance bullish->neutral; score 61->54 (-8); +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
63.5
Neutral
MACD Histogram
-0.488
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.77
Inside Bands
Price vs Moving Averages
EMA 9
$272.17
Above
EMA 21
$265.79
Above
EMA 50
$250.78
Above
EMA 200
$216.61
Above
Fundamental Analysis
Valuation
33
Growth
63
Profitability
0
Financial Health
53
Cash Flow
36
Valuation
P/E Ratio
—
P/B Ratio
64.37×
PEG Ratio
48.09
Dividend Yield
0.00%
52W High
$293.80
52W Low
$158.83
Quality & Growth
ROE
-7.0%
ROA
-1.7%
Gross Margin
73.3%
Operating Margin
-9.3%
Revenue Growth YoY
—
Debt / Equity
2.31
AI Fundamental Assessment
P/E ratio of -1122.4 (inexpensive relative to a 15-40x range); Price-to-book of 64.4x; PEG ratio of 48.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -0.1%; Return on assets of -0.0%; Net margin of -0.0%; Gross margin of 0.7%; Current ratio of 1.96 (healthy short-term liquidity); Debt-to-equity of 2.31; Free cash flow margin of 0.5% (thin cash generation); Free cash flow per share is positive (1.01); Most recent quarter beat estimates by 6.2%; 4 consecutive earnings beats; EPS growth decelerating (+3.7% -> -10.7% QoQ); Analyst estimates flat over recent quarters
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