NET has come down to the 200-day moving average and is the standout among cybersecurity names, showing more strength than CRWD. He would not be surprised to see it push back to highs over the coming weeks and is pointing out that relative strength.

Cloudflare came down to the 200-day MA and is the standout among cybersecurity names; he expects it to push back to highs over coming weeks.

Cloudflare posted its fastest growth in nearly four years with a third guidance raise, citing AI-driven security demand; the rebound continues as long as the 5-day line holds on pullbacks.

Cloudflare smashed earnings, crossing $3B in ARR with profits up 39% on the AI boom, though costs rose more than expected and pricing power slipped.

Cloudflare is the host's favorite cyber security name, ranging for two and a half weeks and looking ready to break up; if it breaks down, he will wait for a reclaim of the 21 EMA.

NET, as a software stock, shows stronger momentum than the previously discussed memory chip stock, reflecting relative strength.