Cloudflare NET reaches $310.59, topping its prior 52-week high by 3%

Cloudflare shares pushed to $310.59 on August 10, beating the previous 52-week high set just six days earlier on August 4 by about 3%. That kind of back-to-back record cadence is unusual for a stock of this size, and it has carried Cloudflare's market value to roughly $100 billion.

The speed of the move stands out even more when you zoom out. As recently as February, NET was trading near $163, meaning the stock has nearly doubled off that trough in a matter of months. The chart shows the bulk of that recovery accelerating through the summer, with the stock clearing $300 for the first time in the sessions just before this new high.

At current levels, every incremental gain adds meaningful dollar amounts to the market cap, so the pace of new highs will be one of the cleaner signals of whether institutional demand is still building or beginning to cool.