Cloudflare stock (NYSE: NET) price today is up 9.44% from yesterday's close of $131.85 per share, closing today at $144.34. This is up 93.51% YTD, with a 52-week range between $131.89 and $144.67. This is despite last week's news that JP Morgan downgraded Cloudflare from hold to sell.
What exactly is Cloudflare?
Cloudflare is one of the world’s largest networks. The company powers Internet requests for approximately 19% of the Fortune 1,000 companies.
Cloudflare also provides internet security by protecting properties from malicious activity like DDoS attacks, malicious bots, and other nefarious intrusions.
Why are investors interested in Cloudflare stock?
Cloudflare is a company that has different ways to grow, including through product expansion and new customer acquisition. And while some expect an upcoming correction to the stock price, Cloudflare has proven itself as a leader in their field and thus a long-term investment candidate.
Cloudflare stock is only the beginning
Are you here for the first time and looking for other exciting tech stocks to buy? Explore the rest of Money Morning, sign up for our newsletter, and catch Money Morning Live for the lastest commentary and live trading ideas.