1 Green Flag and 1 Red Flag for Cloudflare Stock
Cloudflare (NYSE: NET) is a leading provider of edge computing services that help speed up the rate at which information can be sent and accessed throughout the internet. It's also a lead provider of other services, including protections against distributed denial-of-service (DDoS) attacks that aim to take web destinations offline through a deluge of spoofed server requests.
Cloudflare is one of today's most important internet infrastructure companies and generally posts strong business results, but its stock has seen some turbulent trading over the last couple of years. On the heels of sell-offs that followed the company's first-quarter earnings release, Cloudlare's share price is down roughly 78% from its high.
Is now the right time to be buying the stock? Read on for a look at one green flag and one red flag that you should consider before adding shares to your portfolio.
Source Fool.com
