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Barchart

Jim Van Meerten

Cloudflare Stock Just Hit a New High, But Don’t Count on More Upside

Cloudflare NET THe Barchart Jim Van Meerten

Cloudflare (NET) shows strong technical momentum, hitting new highs on July 1.
NET has a 100% technical “Buy” signal with impressive recent gains.
Fundamentals are robust, with projected revenue and earnings growth exceeding 25% and 30%, respectively, over the next two years.
Some analysts caution that the stock may be overvalued despite this performance.

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