NET is trading at $203.56 (+4.59%) as the stock rebounds from yesterday's -4.13% close, aided by significant company-specific news and a sharp recovery across the technology sector.
- Cloudflare announced the open beta of its Web and API Vulnerability Scanner, a new security tool for its API Shield platform.
- The company also introduced Programmable Flow Protection, a system allowing Magic Transit customers to implement custom DDoS mitigation logic.
- The stock is also benefiting from a broader market rally, with the NASDAQ Composite and S&P 500 showing significant gains amidst a complex geopolitical backdrop and comments from Fed Chair Powell.