Why is NET stock down today?

NET is down 21.2% over five trading days, closing at $244.51 on Nov. 5, 2026. When a stock drops like this, the first question is whether the problem is the company or the whole group it trades with.

To answer that, we compare NET with its closest peers, check the calendar for earnings and Fed dates, and go through Cloudflare, Inc.'s latest SEC filings and insider trades.

The chart below tracks NET's daily closing price from May 12, 2026 to Nov. 5, 2026. Over that stretch it is up 30.9%, from $186.79 to $244.51, with a high of $360.93 on Oct. 9, 2026 and a low of $186.79 on May 12, 2026. Each red circle marks a week in which company insiders sold shares on the open market (19 weeks in this period; bigger circles mean more money). There are no green diamonds: no insider bought on the open market in this window.

What could be behind the NET move

We found no Cloudflare, Inc. earnings report within the last 10 days or next three weeks, and no notable SEC filing in recent weeks, so nothing company-specific on the public record explains the move on its own.

Across the broader market, the backdrop is an uptrend under stress, with the VIX volatility index at 16.61. The Federal Reserve's next rate decision is on Dec. 9, 2026, 33 days away; market pricing puts the odds at 34% for a hold, 64% for a hike and 2% for a cut.

Also worth knowing about NET

Live NET data, updated every 30 minutes: NET insider trades, ownership and filings →

In Cloudflare, Inc.'s own words

“The third quarter was Cloudflare's best quarter ever. We crossed $3 billion in annualized revenue with revenue of $782 million, up 39% year over year. We accelerated growth, delivering our fastest revenue growth in nearly four years, while expanding profitability”

— Matthew Prince, co-founder & CEO of Cloudflare · SEC filing

From the company's earnings release filed with the SEC on 2026-11-05 (Form 8-K).

What would change the picture for NET

These are the specific events and levels to watch. None of them is a prediction.

• Insider buying: none on the open market in 90 days. A purchase by an executive or director would be the first in at least three months, and it would show up on SEC Form 4 within two business days.
• Analyst ratings: the average score moved from 3.88 to 3.83 over three months (on a scale where 5 is strong buy and 1 is strong sell). A run of downgrades after earnings usually shows up here first.
• Price levels: a close above $360.93 would be a new 52-week high, 47.6% above the latest close of $244.51; a close below $160.19 would be a new 52-week low, 34.5% below it.
• Growth: revenue rose 35.7% year over year in the quarter ending Sep 2026 (trend: accelerating).
• New shares: dilution risk is moderate now. A new shelf registration (S-3) or a prospectus supplement (424B) for an offering would raise it.

NET history: what happened after similar moves

Since 2023, NET fell 28.7% or more in a month 1 time (separate episodes, not counting the current one). Three months later it was higher in 1 of 1 cases; the median change was +50.5%.

Past moves don't predict the next one; they show how volatile the stock has been.

Questions people also ask

What is NET's 52-week high and low?

Over the past year NET closed as high as $360.93 and as low as $160.19. At $244.51 (Nov. 5, 2026) it is down 32.3% from the high and 52.6% above the low.

Do analysts think NET is a buy?

29 of the 40 analysts who cover Cloudflare, Inc. rate it a buy or strong buy, for a consensus of Buy. Ratings describe analysts' views, not a guarantee, and they change after earnings.

Does NET pay a dividend?

Cloudflare, Inc. reported no dividend payments over the last 12 months in its SEC filings.

Is Cloudflare, Inc. issuing new shares?

Dilution risk reads moderate (35/100); the share count rose 2.2% in a year. That is based on 1 offering-related filing(s) in 12 months.

Is Cloudflare, Inc. profitable?

Not over the last 12 months: Cloudflare, Inc. had $2.7 billion of revenue but a net loss (net margin -8.7%).

Are NET insiders buying or selling?

Insiders sold $110.3 million of NET on the open market in 90 days and bought none. Sales are often routine (taxes, diversification, pre-planned plans); purchases with their own money are the stronger signal.

Dates to watch for NET

Insider trades can come any day: they must be filed on Form 4 within two business days.

Key terms on this page

Form 4

The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

Dilution

When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.

Form 8-K

The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.

52-week high / low

The highest and lowest daily closing price over the past year (about 252 trading days).

Analyst consensus

The average of Wall Street analysts' ratings (strong buy to strong sell). Analysts skew positive, so a hold is often read as a cautious view.

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

• Price: daily closing prices through Nov. 5, 2026; changes use 5, 21 and 63 trading days; the 52-week range uses the last 252 closes.
• Insider trades: SEC Form 4 filings for the last 90 days, counting only open-market purchases (code P) and sales (code S); option exercises, grants, gifts and filings with data errors are left out.
• Analyst ratings: counts of current ratings from 40 analysts, compared with three months ago.
• Earnings dates and estimates: a market-data calendar; reported vs expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts from the company's SEC filings (XBRL data, latest quarter Sep 2026); P/E and price/sales use the latest close.
• Fund ownership: SEC Form 13F filings for Q2 2026.
• Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) over two years, scored 0-100.
• History: 21-trading-day moves over about three years of daily closes, counted once per episode.