Cloudflare's Technicals Look Strong: Will Q4 Earnings Justify Hype?

Core Viewpoint - Cloudflare Inc is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of 18 cents and revenues of $452.10 million, while the stock has shown significant bullish momentum, increasing 73.71% over the past year and 25.94% year-to-date [1]. Group 1: Stock Performance and Technical Indicators - Cloudflare stock is exhibiting strong bullish momentum ahead of its earnings report, trading at $144.29, which is above key moving averages, indicating sustained buying pressure [1]. - The eight-day simple moving average at $137.48 reinforces the bullish trend, with the stock also positioned above its 20-day ($125.15), 50-day ($115.93), and 200-day ($90.08) simple moving averages, signaling strength across all time frames [2]. - The Moving Average Convergence Divergence (MACD) indicator at 8.02 supports strong momentum, while the Relative Strength Index (RSI) at 78.13 indicates that Cloudflare is in overbought territory, which may lead to short-term volatility and potential profit-taking [3]. Group 2: Earnings Expectations and Analyst Ratings - A strong earnings beat could drive the stock higher, while a miss may test support levels around $125–$115, with traders advised to watch for potential pullbacks, although the broader trend remains bullish [4]. - The consensus analyst rating for Cloudflare stock is currently a Buy, with a price target of $111.46, while recent ratings from Needham, Baird, and Truist Securities suggest a 3.67% upside with a price target of $146.67 [5].