2024-04-03 16:02:47 ET
Summary
- Cloudflare, Inc. stock may seem expensive at 114x forward non-GAAP operating profits. However, its strong growth prospects justify a tepid buy rating.
- With revenue nearing $2 billion and growing at close to a 30% CAGR, demand for products remains robust.
- Despite challenges like competition and market headwinds, its high visibility into future revenue streams and potential for margin expansion make Cloudflare an attractive investment option.
Investment Thesis
Cloudflare, Inc. ( NET ) is rarely on sale. And yet, the company continues to deliver very strong results....
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Cloudflare: Navigating High Valuations With Growth Potential