Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Cloudflare Stock Continues Climb Following Microsoft Collaboration

Published 18/10/2021, 18:36
Updated 18/10/2021, 18:36
© Reuters.

© Reuters.

By Sam Boughedda

Investing.com —  Cloudflare Inc (NYSE:NET) stock has continued its recent rally — up over 130% for the year to date after it told investors it will work with Microsoft (NASDAQ:MSFT), Yandex (NASDAQ:YNDX), and other search engines to help businesses improve search results for their customers.

Cloudflare shares have climbed another 4.8% on Monday to $175.70.

“A fast, reliable website and timely search results are at the heart of any growing business, whether it’s a startup or Fortune 500 company. Since the beginning, we’ve worked to help our customers to give them the speed, reliability, and security they need to do business,” said Matthew Prince, co-founder and CEO of Cloudflare.

The web infrastructure and website security company will allow websites to automatically notify search engines whenever content is created, updated, or deleted through participation in the IndexNow.org initiative. This will enable sites to be crawled more efficiently, which Cloudflare says will allow its customers to guarantee users see the most up-to-date version of their content.

According to Cloudflare, 45% of Internet traffic comes from web crawlers and bots. Through the launch of Crawler Hints, they can indicate to bot developers when content has been changed or added.

"Website owners will be able to improve site performance by reducing unnecessary bot traffic and to provide timely content, which ultimately helps improve search rankings," the company said in its statement. 

Fabrice Canel, principal program manager at Microsoft Bing, said: “Cloudflare has built a really easy 1-click button for their users to start using it right away. Cloudflare’s mission of helping build a better internet resonates well with why we started IndexNow, that being to build a more efficient and effective search.”

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.