Why Cloudflare Stock Took a Dive on Monday

Cloudflare stock fell 3.6% on Monday following a bearish note from Jefferies analyst Joe Gallo, who lowered his price target from $350 to $320, citing concerns that expectations may be set too high ahead of the company's earnings report. However, the article suggests the long-term outlook remains positive, highlighting Cloudflare's role in addressing critical cybersecurity threats like the PHP vulnerability affecting 70% of websites.