Cloudflare (NYSE: NET) Launch Platform To Connect And Secure Companies

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Cloudflare, Inc. (NYSE: NET) shares surged 23% on Monday after the company has announced that it has launched Cloudflare One. Cloudflare One is the greatest achievement of Cloudflare, Inc. as it is a comprehensive, cloud-based network-as-a-service solution for your workforce. As we all know today is the age of the internet, every business around the world relies on the internet to operate and to connect with consumers. In the world of the internet, this new cloud platform of the company will enhance the performance of the businesses.

Cloudflare One has the capability to provide the businesses with a chance to secure their workforce without compromising security. This approach will work in a flexible and scalable way. To protect your business there is a need to protect each individual employee and their individual devices. This new platform of Cloudflare will help the companies to protect their businesses by changing it as per their need.

Earlier, the companies were involved in the usage of the castle-and-moat approach for the security of their organization. In today’s world, everything has moved on to the cloud. Now we can access our work from anywhere in the world but the problem is security. New businesses now need a Zero trust approach to secure their workforce. Businesses have shifted towards the Zero Trust approach after the pandemic.

October 2020 commissioned study conducted by Forrester Consulting revealed that 80% of organizations have already decided to move to a Zero Trust Security approach. 76% of businesses are planning to migrate to a zero-trust security approach as their security approaches are outdated.

Cloudflare protects and speeds up more than 25 million Internet properties using a global network that covers 200+ cities in more than 100 countries. Cloudflare One will provide a safe and fast connection to the workplaces and enable the team to use an app without revealing it to the public Internet. It makes personal devices safe for business use.

Cloudflare One will provide an all in one solution to the companies and give companies the opportunities to protect their businesses against Zero-Day attacks and other malicious attacks. The employee who will work remotely will be able to enjoy the same type of security with Cloudflare One as he enjoys in his organization. Cloudflare One will connect with leading identity platforms to verify identity and check device health before granting access to applications.

Cloudflare, Inc. (NYSE: NET) shares were trading up 23.00% at $57.01 on Tuesday. Cloudflare Inc. share price went from a low point around $14.50 to briefly over $46.37 in the past 52 weeks. NET has moved up 293.17% and 22.95% from its 52-weeks low and high. Cloudflare market cap has remained high, hitting $16.32 billion at the time of writing.

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