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Cloudflare Inc. Looks To Continue To Trade Above Its Annual-High Share Price Today

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Shares of Cloudflare Inc. (NYSE: NET) traded today at $135.20, eclipsing its 52-week high. So far today approximately 493,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

In the past 52 weeks, Cloudflare Inc. share prices are bracketed by a low of $36.50 and a high of $135.20. Shares are now at $134.93, 270% above that low price.

Based on a current price of $134.93, Cloudflare Inc. is currently 14.1% above its average consensus analyst price target of $115.92.

Cloudflare Inc. is a United States-based company engaged in the software business. It has built a cloud platform that delivers a range of network services to businesses. The product offerings of the company include Argo Smart Routing, Load Balancing, Web Optimizations, Mobile Software Development Kit, Cloudflare Access, and Cloudflare Spectrum among others.

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