Cloudflare Stock Soars 4.88%, Hits Intraday High of $173.21

Cloudflare, Inc. has experienced a notable uptick in its stock performance today, gaining 4.88% and reaching an intraday high of USD 173.21. This surge stands in contrast to the S&P 500, which has only seen a modest increase of 0.69% on the same day. Despite this positive movement, Cloudflare's performance over the past week has been less favorable, with a decline of 10.26%. Over the past month, the stock has dipped by 0.95%, although it has shown resilience over the past year, boasting a return of 20.02%, significantly outperforming the S&P 500's 12.95% gain. The company's market capitalization is currently at USD 61,967 million, placing it firmly in the large-cap category within the Computers - Software & Consulting industry. While Cloudflare has demonstrated strong returns over the last three years, outperforming the S&P 500 consistently, it is important to note that the stock is trading at a higher risk compared to its historical valuations. The interest coverage ratio is at its lowest, indicating potential financial strain, while the company has not declared any dividends.