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Yiannis Zourmpanos

Should You Buy the Dip in Cloudflare Stock or Stay Far Away After Widespread Internet Outages?

Cloudflare Internet

Cloudflare (NET) finds itself in the news again, although this time not because anyone prefers it. Indeed, the company faced an outage on Tuesday that stopped the most popular websites on the internet from being accessible. These websites include X, Zoom (ZM), Canva, Grindr, (ironically) Down Detector, and even ChatGPT. This problem occurred due to an incorrectly set up threat traffic file that caused the software to fail. As a result, connectivity issues were experienced on its global network. Cloudflare lost approximately 3% of its value during the first trading hour and is still down about 3% for the day as of late afternoon trading.

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