Benzinga | Oct 12, 2020 10:35AM EDT

Why Cloudflare's Stock Is Trading Higher Today

Cloudflare (NYSE:NET) shares are trading higher on Monday after the company announced the release of its Cloudflare One, a cloud-based network that helps with service solutions for the workspace.

Cloudflare is a United States-based company engaged in the software business. It has built a cloud platform that delivers a range of network services to businesses. The product offerings of the company include Argo Smart Routing, Load Balancing, Web Optimizations, Cloudflare Access, and Cloudflare Spectrum among others.

Cloudflare shares traded up 12.71% to $52.24 on Monday at the time of publication. The stock has a 52-week high of $52.34 and a 52-week low of $14.50.