1 Monster Growth Stock Down 80% to Buy Hand Over Fist Before 2023
Recession fears have scared investors out of the market this year, and many excellent growth stocks have fallen sharply as a result. For example, cloud computing specialist Cloudflare (NYSE: NET) has seen its share price plunge 80%, though nothing material has changed about its business. In fact, Cloudflare has continued to innovate and grow like wildfire. But shortsighted traders are simply unwilling to pay up for growth stocks amid the uncertain economic environment.
Fortunately, that creates a buying opportunity for long-term investors. Here is why Cloudflare could grow fivefold in the next five years.
Cloudflare provides application, network, and security services that accelerate and protect business-critical software and infrastructure. Its global cloud platform spans more than 100 countries and interconnects with 11,000 other networks, including every major enterprise, cloud vendor, and internet service provider. That immense scale is a big advantage.
Source Fool.com
