Bloomberg: Options Anticipate 11% Movement in Cloudflare After Earnings Report

Class A shares of Cloudflare Inc., trading under the ticker NET on American exchanges, may change by 11% following the release of the quarterly report. The company will present its report on November 5 after the close of trading. This is evidenced by options market data collected by Bloomberg for this publication.

How expectations were met

In 3 of the last 8 instances, the actual stock movement exceeded the expectations embedded in option prices. For example, on October 30, 2025, the shares changed by 20.2%, while the options market anticipated a movement of 10.4%. On February 6, 2025, the stock jumped by 22.1% against an expected change of 11%.

When the forecast was not met

In the remaining 5 instances, the actual movement was less than the options forecast. On August 6, 2025, the shares changed by 11.1%, slightly exceeding the market's forecast of 10.8%. On May 7, 2025, the stock fell by 7.5% against an expected movement of 12.3%. On February 10, 2025, the shares rose by 3.8% compared to a forecast of 11.6%.

What this means

Options data reflect market expectations but do not guarantee the exact scale of reaction to the report: in most recent cases, actual results differed from the forecast. Investors use these estimates as a guideline when preparing for publication, but they do not replace fundamental analysis of the report itself – revenue, margins, and management forecasts. At the time of publication, Cloudflare shares were trading down 3.83%.