Here's How Cloudflare Shares Gained 12% in July
Shares of Cloudflare (NYSE: NET) rose 12.1% in July, according to data from S&P Global Market Intelligence. The stock surged as the delta variant of the coronavirus caused a spike in infection rates, threatening to extend the pandemic. That would boost the fortunes of companies that benefit from lockdowns and remote-work policies.
The delta variant's emergence lifted Cloudflare higher than most of its cloud computing and network security peers. The company offers a unique combination of security and performance tools, setting Cloudflare up for some of the most exciting growth prospects among large-cap network security experts.
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Source Fool.com
