Finance2 sources
Cloudflare Stock Drops Due to Analyst Note and Cyber Threats
- Cloudflare (NYSE:NET) shares dropped by as much as 6% at the start of the week.
- A bearish note from a Wall Street analyst contributed to the stock's decline.
- Hackers are using fake Cloudflare verification to trick users into giving access.
- Cloudflare's services are critical for many websites, making its disruptions impactful.
- The stock was down 3.5% as of 1:44 p.m. ET.