Why Cloudflare Could Thrive in a Recession
No business is fully immune to a recession as caution and spending cuts ripple through the economy. As economic confidence wanes, even the strongest companies can get hit by weak demand.
Some companies will do better than others. Any company that can save its customers money, whether those customers are consumers, small businesses, or large enterprises, has the potential to grow stronger throughout a recession. There are no guarantees, but Cloudflare (NYSE: NET) looks like a good cloud stock to bet on as economic uncertainty grows.
Running your infrastructure on a cloud computing platform like Amazon Web Services is not cheap. If you're a start-up with access to easy funding and focused solely on growing as fast as you can, an exploding cloud bill isn't a problem. Dedicating resources to keeping cloud costs in check means diverting resources away from growth.
Source Fool.com
