Cloudflare experienced a "spike in unusual traffic” shortly before errors broke out across many major websites it serves, the internet infrastructure company told Newsweek. Read the full story here.

Cloudflare stock closed the Nov. 18 trading session 2.83% lower at $196.53. The outage exacerbated the ongoing sell-off of the stock, and the closing price is 22.4% lower than the stock's peak closing price of $253.30 on October 31.

Cloudflare’s bot management system classifies bots as good or bad with “a machine learning model that we use to generate bot scores for every request traversing our network,” Prince wrote. “Our customers use bot scores to control which bots are allowed to access their sites—or not.”

Investigating - Cloudflare is aware of, and investigating an issue which potentially impacts multiple customers. Further detail will be provided as more information becomes available.

Cloudflare (NET) continued losses for seven straight sessions as the stock closed 0.17% lower at $196.20 on Wednesday. The internet security company lost nearly 16.35% in the last six trading sessions.

Cloudflare added, "Given the importance of Cloudflare's services, any outage is unacceptable. We apologize to our customers and the Internet in general for letting you down today. We will learn from today's incident and improve.