Should You Buy Cloudflare's Stock on the Dip?
Cloudflare (NYSE: NET) is a tricky stock to understand. The business checks several boxes I like to see in an investment and the company has strong financials. However, the stock is richly valued, presenting an internal conflict for investors.
With the stock down 64% this year, has it finally reached a buying point? Let's find out.
Cloudflare's mission is simple: "to help build a better internet." It does this by hosting websites in its data centers across the world. Instead of distant users accessing a website from a single point, Cloudflare's solution is much faster because a user is routed to the nearest data center.
Source Fool.com
