Is Cloudflare a Buy?
Cloud services company Cloudflare (NYSE: NET) has been one of the hottest stocks this year, up more than 60% since the beginning of 2021. After the company reported its 2021 second-quarter earnings recently, its stock is now pushing all-time highs. Is Cloudflare a buy? Here are three things to consider before making a decision.
Cloudflare is a content delivery network (CDN), which has servers and data centers located around the world. When a website uses Cloudflare's CDN, the website is serviced by the server closest to it, resulting in faster load time and performance.
The company is developing computing and security services on its network to become an all-in-one network solution for businesses. Customers can get an integrated internet experience that is faster and more secure on top of Cloudflare's network -- all within the cloud and without the need for on-premise hardware/software.
Source Fool.com
