Cloudflare's (NYSE: NET) stock sank 17% after it posted its first quarter report on May 2. The cloud-based content delivery network (CDN) provider's revenue rose 30% year over year to $379 million and exceeded analysts' estimates by $5 million. Its adjusted EPS doubled to $0.16 and cleared the consensus forecast by three cents.

Those headline numbers were healthy, but Cloudflare's stock might have been due for a breather after more than doubling over the past 12 months. Let's see if its stock can bounce back and head even higher over the next 12 months.

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Source Fool.com