Cloudflare stock slides after outage despite strong growth and analyst ratings. Discover insights on NET's performance and future outlook.

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy and execute code without maintaining servers.

Major U.S. equities indexes extended their slide Tuesday afternoon, amid worries about an AI bubble. The Dow Jones Industrial Average and Nasdaq were down about 1%, while the S&P 500 fell 0.6%. Home Depot ( HD) shares fell 4% after the home-improvement retailer reported disappointing third-quarter earnings and cut its full-year profit outlook.

Cloudflare delivered strong Q3 FY25 results, with accelerated revenue growth and robust $100K+ customer momentum. Read why NET stock is a Hold.

As of the latest update, Cloudflare has managed to restore services fully. Users most affected ranged from OpenAI’s ChatGPT, Elon Musk’s X, and various online gaming platforms. This is to be expected given that Cloudflare’s Content Delivery Network (CDN) service is used by 20.4% of all the world’s websites, according to Tuesday’s W3Techs’ data.

Cloudflare, Inc. (NYSE: NET) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer highlighted the company’s solid earnings and its potential to “get more profitable,” as he commented:

Cloudflare’s Workers platform, which is pivotal to their AI growth story, was responsible for their largest customer ever: “This quarter, we achieved a number of milestones. We landed the largest contract in Cloudflare’s history, a milestone deal of ...

Cloudflare stock slipped as the internet service company suffered several hours of global outage. Here’s why NET shares are worth buying on the pullback today.