Cloudflare Inc vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Cloudflare Inc trades at $271.1 (market cap $96.69B), while Direxion Daily S&P 500 Bull 3X Shares trades at $270.58. Which is the better fit depends on your goals.
| NET | SPXL | |
|---|---|---|
Market Cap | $96.69B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $281.69 | $288.04 |
52-Week Low | $160.16 | $170.20 |
Enterprise Value | $96.05B | — |
Trailing returns across standard periods
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
Read more on NET →SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →