Cloudflare, Inc. (NYSE:NET) shares are surging on Monday, up approximately 9.7% amid a broader market rally, with the S&P 500 gaining 0.6% and the Technology sector advancing by 0.8%.
The significant uptick in Cloudflare’s stock price appears to be driven by positive sentiment in the technology sector. Traders on social media are also highlighting that the company could benefit from the rollout of Claude Cowork.
Cloudflare announced last year that several global technology companies were working with Cloudflare to create powerful AI experiences through Anthropic's AI assistant, Claude.
As investors look for growth opportunities, Cloudflare’s strong performance aligns with the broader upward momentum seen in major indices.
Cloudflare is currently trading 0.4% above its 20-day simple moving average (SMA) but is 9.3% below its 100-day SMA, indicating a mixed technical picture. Over the past 12 months, shares have increased by nearly 49.92%, and they are currently positioned closer to their 52-week highs than lows, reflecting a generally strong trend.
The RSI is at 31.54, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. This combination suggests that while the stock has shown strength over the past year, current momentum is facing some headwinds.
The combination of neutral RSI and bearish MACD indicates mixed momentum, suggesting traders should remain cautious.
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy and execute code without maintaining servers.
Investors are looking ahead to the next earnings report on Feb. 10, 2026.
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $231.72. Recent analyst moves include:
NET Price Action: Cloudflare shares were up 9.47% at $189.85 at the time of publication on Monday, according to Benzinga Pro data.
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