Why Cloudflare Tanked by More Than 13% Today
Shares of Cloudflare (NYSE: NET) fell 13.2% on Thursday, dropping the edge computing company's market cap to half of what it was at its all-time high in November. The stock has now completed a six-month round trip that began last summer -- over that stretch, it doubled in value, and now, it has collapsed back to its starting level. Cloudflare is, however, still up by 27% over the last 12 months.
Data by YCharts.
Source Fool.com
