Cloudflare provides cloud-based network services that protect internet apps and help them to run faster - without requiring clients to add hardware, install new software, or change code. Cloudflare's unified control plane across on-premise, cloud, hybrid, and SaaS data infrastructure environments ensures the security, reliability, and performance of its enterprise customers' external data infrastructure (websites, applications, and application program interfaces), internal networks and devices (identity and access), DevOps, and consumer applications. Cloudflare notes that about 20% of the internet runs behind Cloudflare's intelligent global network. The company seeks to relieve clients of the cost and complexity of managing their own network hardware. Some 51% of the company's revenue is generated outside of the U.S. Cloudflare was founded in 2010 and went public on September 12, 2019, at $15 per share.

While the large cap indices make all-time highs day after day, there are technical cracks everywhere else. This includes secondary indices, sectors, industries, and individual stocks. We have talked about poor market breadth, and perhaps the only thing we can say is that most money is invested in the mega-cap indices, so there is no problem until there is. We hear it's different this time -- and for now it certainly is. How long the AI party will last is unknown. So as we always do, we'll leave it up to price. The NYSE and the Dow Jones have not exceeded their February all-time highs (ATHs). The S&P MidCap 400 (MDY) was last at an ATH on May 6, followed by a bearish engulfing candlestick and a potential false breakout. The S&P Small Cap 600 (SML) also peaked on May 6, has been down for four of the past five days, and is sitting on important short-term support at its 21-day exponential moving average. The Nasdaq 100 has 19% of its issues at ATHs, the S&P 500 has 8%, the MDY 5%, and the SML 4%. Some 8% of the QQQ's holdings are at 52-week lows, 9% of the S&P 500 and the MDY, and 5% of the SML. The QQQ has 20% of its issues at a one-month high, the S&P 500 has 12%, the MDY 7%, and the SML 6%. Yet 24% to 27% of the issues in the four indices are at one-month lows. Since the spike began, the number of 52-week highs on the S&P 500 peaked at 51 on April 17 and has fallen to 35, while the number of new lows has climbed to 43. Coming out of the April 2025 slide, we saw 57 new highs more than three months into the rally. But during early stages of other recent recoveries, the number has been in 80 to 120 issues.

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, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.

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, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.