Why Cloudflare Stock Climbed 23.7% in June
Shares of Cloudflare (NYSE: NET) jumped 23.7% in June, according to data from S&P Global Market Intelligence. Needham analyst Alex Henderson published a note on June 17 maintaining his "buy" rating on Cloudflare and hiking his one-year price target on the stock from $32 to $38 per share. Cloudflare provides edge-computing services and internet infrastructure that helps protect websites from hacking attacks, and its stock has posted stellar performance since the company went public last September.
