Cloudflare (NET) experienced an outage that affected major websites like X, Zoom, and Canva due to an incorrectly set up threat traffic file, causing a 3% drop in its stock value. The company dominates internet security, edge computing, and network infrastructure, serving 20% of the world’s internet infrastructure from its San Francisco headquarters. With a market cap reflecting its growth, Cloudflare’s stock price sits at $197 per share, struggling in the past week but showing a positive weighted alpha of +74.46. The company reported a strong Q3 revenue of $562 million, with a 31% YoY increase and a non-GAAP operating income of $85.9 million. Despite the outage, Cloudflare’s Q4 revenue guidance remains robust at $588.5-589.5 million, maintaining a strong performance with a 43% increase in its RPO. Cloudflare introduces new security and AI-driven edge computing features, aiming to shape the future of Internet growth. Analysts view NET stock favorably with a “Moderate Buy” rating and a mean price target of $249.96.

Read more at Yahoo Finance: Should You Buy the Dip in Cloudflare Stock or Stay Far Away After Widespread Internet Outages?