Why Cloudflare Stock Soared This Week

Why Cloudflare Stock Soared This Week
·1 min read

Shares of edge network software specialist Cloudflare (NYSE: NET) skyrocketed 20% in trading this week, according to data from S&P Global Market Intelligence. Cloudflare shares have risen 121% year to date and more than 60% in the last three months alone. This week's gains likely reflect high demand for the stock ahead of Cloudflare's third-quarter earnings report, which is due after the market close on Nov. 4.

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