Cloudflare, Inc. stock surges 14.9% as Q2 revenue tops $696M

The bias on Cloudflare, Inc. stock remains bullish after NET closed at $284.43 on 6 August, holding above stacked moving averages. Q2 results beat estimates after the close, sending shares sharply higher — but the intraday tape had already turned defensive into the print.

Key takeaways

• NET closed at $284.43 on 6 August, with the daily chart holding above all major moving averages.
• Cloudflare reported Q2 revenue of $696.1 million, up 35.9% year on year, beating Wall Street expectations.
• Management raised full-year guidance and set next-quarter revenue at $736.5 million, 2.1% above analyst estimates.
• Shares surged 14.9% in after-hours trading, repricing the stock before the next regular session.
• Daily ATR stands at 14.20, meaning wide intraday swings are normal and position sizing must account for that.

Daily structure keeps the trend intact

The daily chart confirms Cloudflare, Inc. stock remains in a textbook uptrend, with price well above all three key moving averages. The hierarchy reflects a mature advance, not a fragile bounce.

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