Why Cloudflare Stock Is Skyrocketing Today

Cloudflare (NET 19.69%) stock is soaring in Friday's trading. The company's share price was up 19.5% as of 2:40 p.m. ET amid the backdrop of a 0.9% decline for the S&P 500 index and a 1.4% pullback for the Nasdaq Composite.Cloudflare published its fourth-quarter earnings after the market closed yesterday and reported sales and earnings performance that beat Wall Street's expectations. Even better, the company laid out very strong guidance for the current quarter and fiscal year.Q4 beats contribute to Cloudf ...