Cloudflare (NET), a pivotal force in the digital infrastructure sector, has demonstrated a dynamic trajectory in the stock market since its inception. The following table outlines Cloudflare’s annual stock performance, revealing a narrative of strategic growth and market adaptability. With periods of significant gains and occasional declines, Cloudflare’s financial journey underscores its resilience and the evolving nature of its market presence.
Annual Returns of Cloudflare Stock (NET)
| Year | Beginning | Ending | Gain/Loss | S&P 500 |
|---|---|---|---|---|
| 2023 | $43.02 | $83.26 | 93.54% | 24.73% |
| 2022 | $126.16 | $45.21 | -64.16% | -19.95% |
| 2021 | $74.59 | $131.50 | 76.30% | 28.79% |
| 2020 | $17.03 | $75.99 | 346.21% | 15.29% |
| 2019 | $18.00 | $17.06 | -5.22% | 28.71% |
The table above displays the NET Yearly Return Rate, highlighting Cloudflare’s annual stock performance on a split-adjusted basis. This data does not include dividends, stock spin-offs, taxes, or transaction commissions.
Cloudflare (NET) Stock History
Becoming a Public Company (2019 – 2020)
Cloudflare commenced its public journey with modest beginnings, debuting at $18.00 in 2019. Despite a slight initial dip, closing the year at $17.06 with a -5.22% change, it laid the groundwork for explosive growth.
2020 marked a significant turnaround, as Cloudflare’s stock surged to $75.99, boasting a staggering 346.21% increase. This period highlighted the company’s rapid ascent and growing investor confidence, setting the stage for an unpredictable yet promising future.
A Rollercoaster Ride: 2021 – 2022
The subsequent years were a testament to the volatile nature of the tech sector. In 2021, Cloudflare’s stock continued its upward trajectory, reaching a peak of $131.50, which represented a 76.30% gain and outperformed the S&P 500’s 28.79% increase. This phase underscored Cloudflare’s expanding influence and the market’s optimistic outlook on its technology and business model.
However, 2022 brought a stark reversal, with the stock plummeting to $45.21, marking a -64.16% decline amidst broader market challenges. Despite this setback, Cloudflare’s fundamentals remained strong, highlighting the cyclical challenges inherent in the tech industry.
A Resurgence of Growth: 2023
2023 marked a year of formidable recovery and growth for Cloudflare, with its stock price rebounding impressively to $83.26, resulting in a 93.54% gain. For 2023, Cloudflare significantly outperformed the S&P 500’s 24.73% increase, signaling a strong comeback and renewed investor confidence in Cloudflare’s strategic direction and market potential.