Why Cloudflare Stock Rallied Nearly 14% in September
The internet traffic cop continues to benefit from the shift to AI.
Overview
September was a solid month for Cloudflare (NYSE:NET) as the stock jumped 13.8%, according to data supplied by S&P Global Market Intelligence.
The broader market edged lower last month, as evidenced by the 0.5% decline of the S&P 500 during the same period. However, Cloudflare -- which makes websites quicker and more secure -- bucked the trend, driven higher by improving investor sentiment and several positive business developments.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.