---
symbol: "NET"
name: "Cloudflare"
date: 2026-11-03
change_pct: 3.848175401711969
direction: "up"
event_type: "analyst_action"
url: "https://perplo.app/why/NET/2026-11-03"
updated_at: 2026-11-03T22:07:08.376Z
---

# Why Cloudflare (NET) rose 3.85% on November 3, 2026

Cloudflare (NET) rose 3.85% on November 3, 2026 — Upgrade lifts Cloudflare as Marvell gets cut.

## What happened

Cloudflare was upgraded by a Wall Street analyst, and the stock rose 3.8% on the call.

## Why it moved

An upgrade shifts the narrative toward growth and margin execution, so investors are willing to pay a higher multiple on the same earnings.

## Why it matters

Cloudflare sits in the Cybersecurity & Edge theme, where demand for edge network and zero-trust security is the core thesis.

## What would break the thesis

If management commentary or fundamentals don't back the upgrade, the gain can fade quickly.

## Sources

- [Cloudflare upgraded, Marvell downgraded: Wall Street's top analyst calls](https://finnhub.io/api/news?id=c3e9b505b42487c4a069bc6e89f75eaa229f3186e37cfbd9b5a49e8fd98968fa) — Yahoo

---

Trade NET perpetual futures 24/7 onchain: https://perplo.app/asset/NET