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Why Cloudfare's Stock Is Trading Higher Today

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Cloudflare (NYSE: NET) shares are trading higher on Friday.

Wells Fargo maintained its Overweight rating and raised its price target from $27.50 to $30 per share.

Cloudflare, founded in 2009, is a cybersecurity and internet services company, which has a global cloud platform that delivers broad range of network services such as VPN, internal and external firewalls, web security, content delivery networks, domain name systems, advanced threat prevention, and wide area network technology.

Cloudflare shares were trading up 5.58% at $29.54 on Friday. The stock has a 52-week high of $30.24 and a 52-week low of $14.50.

Related Link:

Cloudflare IPO Opens Above IPO Price

Latest Ratings for NET

DateFirmActionFromTo
Dec 2020JP MorganDowngradesOverweightNeutral
Dec 2020KeyBancInitiates Coverage OnOverweight
Nov 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for NET
View the Latest Analyst Ratings

 

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