BUZZ-Cloudflare falls amid reports of massive outage

Reuters02-21
BUZZ-<a href="https://laohu8.com/S/NET">Cloudflare</a> falls amid reports of massive outage

** Shares of Cloudflare NET.N fall ~8% to $178.22 amid reports of outages

** NET on track for biggest daily percentage loss since January 28

** A massive Cloudflare outage reportedly took down several websites offline, reports the UK's Daily Mail

** "Earlier today, a limited number of Cloudflare customers were impacted by a change made to Cloudflare's ability to advertise customer's IP prefixes. We are actively restoring service to customers now and expect the issue to be fully resolved shortly" - Cloudflare spokesperson to Reuters

** 36 analysts rate the stock "buy" on average; median PT is $243 - data compiled by LSEG

** NET down 9.3% YTD vs. NASDAQ Composite Index's .IXIC 1.6% decrease

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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