Long Position on NET @ $36.00 on 6/26/2020 (Momentum)

CloudFlare, Inc. (NET) operates a cloud platform that delivers a range of network services to businesses worldwide.

The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices. Its security products comprise cloud firewall, bot management, distributed denial of service, infrastructure protection, IoT, SSL/TLS, secure origin connection, and rate limiting solutions.

The company also offers performance solutions, which include content delivery, intelligent routing, and mobile software development kit, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising Load Balancing, Anycast Network, Virtual Backbone, DNS, DNS Resolver, and Always Online solutions.

Additionally, it offers Cloudflare solutions for teams including, zero trust security and access management, and secure web gateway solutions.

Further, the company offers serverless products comprising serverless computing/programmable network, and analytics products, as well as apps.

It serves customers in the technology, healthcare, financial services, consumer and retail, and industrial sectors, as well as non-profit and government institutions. CloudFlare, Inc. has a strategic agreement with Baidu, Inc.

This stock should continue to rise and break out of it's "bullish flag" formation. Shares are expected to move higher.

Entry point: $36.00

52-week trade range: $14.50 - $38.48

Stop/Loss: $34.20

Target Price: $39.60

Updates

7/10/2020 10:29:19 AM

NET closed at $41.50

Position closed on 7/10/2020 at price of $41.50 with a 15.28% gain in 14 days.

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