Cloudflare (NET) concluded the recent trading session at $202.44, signifying a -2.65% move from its prior day's close.
Cloudflare's surging AI role, security traction and expanding partnerships fuel momentum as NET extends its bullish run.
Recently, Zacks.com users have been paying close attention to Cloudflare (NET). This makes it worthwhile to examine what the stock has in store.
Cloudflare said Friday (Dec. 5) that it resolved an incident in which its network became unavailable for several minutes earlier in the day.
A glitch at internet infrastructure firm Cloudflare knocked out a swathe of major websites on Friday morning, causing widespread outages for users trying to access services like LinkedIn, Zoom, Canva and Shopify. The issue began shortly after 9am UK time, when Cloudflare reported problems with its dashboard and APIs.
Several websites, including Linkedin, Zoom and Canva, went down this morning after new issues with internet provider Cloudflare.
“This was not an attack; the change [to the platform's firewall] was deployed by our team to help mitigate the industry-wide vulnerability disclosed this week,” Cloudflare said in the status update.
Cloudflare (NET) stock has decreased by 20.5% over a period of 21 trading days. This recent decline highlights renewed concerns regarding NET's network reliability following a global outage; however, significant drops like this often pose a more challenging question: is the decline temporary, or does it indicate deeper issues within the company?
Cloudflare Inc (NYSE:NET) stock is up 4.4% at $205.92 at last check, after Barclays initiated coverage with an "overweight" rating and price target of $235.
Cloudflare (NET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
On Tuesday (Nov. 18) morning, a configuration error at Cloudflare knocked major services offline, including ChatGPT, X and Spotify for several hours, the latest reminder of how vulnerable digital infrastructure has become as cloud systems grow more complex.
Tech giant Cloudflare Inc. NYSE: NET found itself at the center of chaos on Tuesday, Nov. 18, when a global outage knocked many of the world's biggest companies and most used websites offline. OpenAI's ChatGPT, Shopify, and other major platforms were hit, reminding investors just how central certain enterprises' networks have become to the functioning of the modern internet.