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Why Cloudfare's Stock Is Trading Higher Today

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.

Benzinga · 05/15/2020 14:50

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.

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