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home / news releases / NET - Cloudflare: Pricey But Worth The Cloudy Forecast

NET - Cloudflare: Pricey But Worth The Cloudy Forecast

Cloudflare Inc - Class A

2024-07-03 11:47:07 ET

Summary

  • Cloudflare, Inc. has a high valuation, priced at 88x next year's non-GAAP operating profits, making it one of the most expensive SaaS stocks.
  • Despite the high valuation, Cloudflare's rapid revenue growth and strong profitability make it a reasonable investment.
  • Cloudflare's history of flawless execution supports a cautiously optimistic outlook for very long-term investors.

Investment Thesis

The punchline is that Cloudflare, Inc. ( NET ) is an expensive stock, currently priced at about 88x its projected non-GAAP operating profits for next year, making it one of the priciest SaaS stocks....

For further details see:

Cloudflare: Pricey But Worth The Cloudy Forecast
Stock Information
Company Name: Cloudflare Inc - Class A
Stock Symbol: NET
Market: NYSE
Website: cloudflare.com
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