Starting Tuesday, every new web domain that signs up to Cloudflare will be asked if they want to allow or block AI crawlers. At least 16% of the world's internet traffic gets routed through Cloudflare, one of the world's largest content delivery networks.
The tech company's customers can automatically block A.I. companies from exploiting their websites, it said, as it moves to protect original content online.
Cloudflare Inc (NYSE:NET) shares are up 0.7% to trade at $195.32, and earlier surged to a more than three-year high of $196.20, with support from their 20-day moving average.
Cloudflare's evolution into a 'connectivity cloud' creates a unique, programmable global edge network, driving durable growth beyond its CDN origins. The company's integrated platform leverages edge GPUs for AI inference, Zero Trust security, and developer adoption, compounding network effects and switching costs. Financials show robust 27% revenue growth, expanding cash flow margins, and disciplined capex, supporting management's long-term model and premium valuation.
Cloudflare stock price has gone parabolic and crossed an important resistance level as demand for its services and its market share soared. NET jumped to a high of $195, its highest level since November 2021, and 410% above its lowest point in 2022, giving it a market cap of over $60 billion.
Cloudflare (NET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NET sees AI-driven usage surge with rise in inference requests and growing enterprise adoption boosting prospects.
In the closing of the recent trading day, Cloudflare (NET) stood at $183.87, denoting a +2.55% move from the preceding trading day.
NET's Zero Trust and SASE momentum, major partnerships, and rising enterprise adoption fuel strong customer growth.
Cloudflare (NET) concluded the recent trading session at $181.23, signifying a +1.09% move from its prior day's close.
Zacks.com users have recently been watching Cloudflare (NET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NET flourishes in the CDN space with its innovative efforts, while AKAM struggles with declining delivery revenues and pricing shifts.