Cloudflare Stock Jumps 9% At Session Start On Thursday, Outperforms Market

(VIANEWS) – Shares of Cloudflare (NYSE: NET) jumped 9.56% to $60.81 at 10:12 EST on Thursday, after four sequential sessions in a row of gains. NYSE is jumping 0.53% to $16,121.25, after two sequential sessions in a row of gains. This seems, as yet, a somewhat up trend exchanging session today.

Cloudflare’s last close was $55.51, 74.95% below its 52-week high of $221.64.

About Cloudflare

CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Earnings Per Share

As for profitability, Cloudflare has a trailing twelve months EPS of $-0.7.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -31.97%.

Yearly Top and Bottom Value

Cloudflare’s stock is valued at $60.81 at 10:12 EST, way under its 52-week high of $221.64 and way above its 52-week low of $45.78.

Volatility

Cloudflare’s last week, last month’s, and last quarter’s current intraday variation average was 2.28%, 0.80%, and 4.89%.

Cloudflare’s highest amplitude of average volatility was 6.47% (last week), 4.17% (last month), and 4.89% (last quarter).

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Cloudflare’s stock is considered to be oversold (<=20).

Volume

Today’s last reported volume for Cloudflare is 2180031 which is 59.31% below its average volume of 5358380.

More news about Cloudflare (NET).

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