Cloudflare to Become Public CA, Acquire GlobalSign Root Keys
NET has more than doubled off its 52-week low of $158.83.
Summary
Cloudflare is moving into the public certificate authority business, acquiring root key material from GlobalSign. This gives it immediate trust on legacy devices and a path to issue post-quantum Merkle Tree Certificates starting Q1 2027. The deal is subject to closing and root program approvals, so revenue impact is not immediate. This follows a strong Q2 and a $2.5B convertible note raise, adding a new strategic pillar to the company's security portfolio.
At the time of this announcement, NET was trading at $355.00 on NYSE in the Technology sector, with a market capitalization of approximately $126B. The 52-week trading range was $158.83 to $367.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.