Cloudflare (NET) Suffers a Larger Drop Than the General Market: Key Insights

Cloudflare (NET) declined 2.79% on October 12, 2026, underperforming the S&P 500's 0.06% loss. Despite strong recent performance with a 17.75% monthly gain, the stock trades at a premium valuation with a Forward P/E of 285.51 versus the industry average of 20.96. The company maintains a Zacks Rank #3 (Hold) with positive earnings growth projections of 29.63% EPS growth and 30.47% revenue growth expected.