Cloudflare Stock Is Soaring: Is It a Buy?
Just when the stock of edge network software specialist Cloudflare (NYSE: NET) seemed like it couldn't go any higher in the near term, it did. The growth stock soared almost 8% on Monday, giving shares a 57% gain month to date. Investors cheered as the company announced a partnership with Microsoft's Bing (NASDAQ: MSFT) and other search engines to make search results more timely.
The stock's sharp move higher on Monday adds to a bullish run that has been largely driven by the company's strong financial results. But the momentum will be put to the test early next month, when Cloudflare reports its third-quarter results. Without spectacular financial results for the period, shares could falter.
Following the stock's huge run-up, and ahead of Cloudflare's third-quarter earnings report, here's a closer look at the stock.
Source Fool.com
