3 Things Smart Investors Know About Cloudflare Stock
Cloudflare (NYSE: NET) is a leader in helping organizations secure their internet connections, but it hasn't been smooth sailing over the last few years. The stock is down 67% off its previous peak as companies have tightened their spending on cloud services. Cloudflare's revenue growth has also cooled off, although it's still growing at high rates.
The stock found a second wind in early November after the company reported its third-quarter financial results. The item that seemed to get the most attention on Wall Street was the company's opportunity to serve the booming market for artificial intelligence (AI) workflows.
With the stock making a big move recently, it's a good time to take a second look at this beaten-down growth play. Here are three things about Cloudflare that smart investors know.
Source Fool.com
