Cloudflare Stock Down 70% From Highs But Poised to Soar in New Bull Market

Cloudflare stock is down 70% from its all-time high but could soar in an impending bull market. The company is a leader in several fast-growing cloud verticals.
Cloudflare leverages network speed, broad capabilities, and data advantages to maintain leadership. Q2 results were solid despite muted business spending.
Massive $204B market opportunity by 2026, especially in developer tools and secure access service edge (SASE). Win rates against competitors are strong.
Stock trades at reasonable 18x sales given 39% projected revenue CAGR and $5B revenue target by 2027. Valuation looks cheap compared to historical average.
Investors may regret passing on this high-growth stock during the current dip. Cloudflare poised to capitalize on digitization and bullish market trends.

fool.com

Relevant topic timeline:

8/23/2023

1 AI Growth Stock to Buy, and 1 to Avoid

DigitalOcean is a promising AI stock to buy due to its acquisition of AI start-up Paperspace and its focus on simplicity, while Cloudflare's AI potential is overshadowed by its lack of profitability and high stock valuation.

8/23/2023

SpaceX Wants to Boost the Speed of its Starlink Satellite Internet Service

SpaceX's Starlink satellite internet service is partnering with Cloudflare to improve its network performance and increase its value amidst the growing demand for broadband connectivity.

9/20/2023

Cloudflare Bounces Back with Strong Q2 Results Driven by AI Opportunity

Cloudflare's Q2 2023 earnings showcased strong performance, with revenue exceeding expectations and a positive outlook for future growth, particularly in the AI sector.

9/24/2023

Cloud Computing Market to Reach $18.7 Billion by 2027 Driven by Cost Savings and Flexibility

The Cloud Computing Market in Latin America is projected to grow by USD 18.7 billion between 2022 and 2027, driven by the increasing adoption of cloud computing for cost-cutting purposes and the demand for Software as a Service (SaaS) solutions.

9/24/2023

Buffett's Big Snowflake Bet: Berkshire's Unusual $735M IPO Investment Drops 60%, But Long-Term Growth Prospects Still Look Good

Warren Buffett's investment in Snowflake, a cloud-based data platform provider, has paid off so far, and the company's growth, particularly in the field of generative AI, suggests it could continue to be a solid long-term investment.

9/27/2023

Cloudflare Launches New AI Tools to Simplify Deploying and Running Models

Cloudflare is launching new products and apps to help customers build, deploy, and run AI models at the network edge, including Workers AI for running AI models on nearby GPUs, Vectorize for storing vector embeddings, and AI Gateway for managing costs and metrics. The aim is to provide a simpler and cost-effective AI management solution, addressing the challenges and costs associated with existing offerings in the market.

10/10/2023

Ark Invest Sells Some Tesla and Nvidia To Buy Into Cloudflare's AI Growth Potential

Ark Invest has sold shares of Tesla and Nvidia to rebalance its portfolio, and has invested in Cloudflare, a cloud computing company that could benefit from the growing demand for AI. Cloudflare offers unique advantages in the cloud computing space and is positioned for rapid revenue growth in the coming years. Investors should consider including cloud providers like Cloudflare in their AI investment strategies.

Topics

Posted 9/21/2023, 9:47:00 AM

Cloudflare Stock Down 70% From Highs But Poised to Soar in New Bull Market

Cloudflare stock is down 70% from its all-time high but could soar in an impending bull market. The company is a leader in several fast-growing cloud verticals.
Cloudflare leverages network speed, broad capabilities, and data advantages to maintain leadership. Q2 results were solid despite muted business spending.
Massive $204B market opportunity by 2026, especially in developer tools and secure access service edge (SASE). Win rates against competitors are strong.
Stock trades at reasonable 18x sales given 39% projected revenue CAGR and $5B revenue target by 2027. Valuation looks cheap compared to historical average.
Investors may regret passing on this high-growth stock during the current dip. Cloudflare poised to capitalize on digitization and bullish market trends.

fool.com

Relevant topic timeline:

8/23/2023

1 AI Growth Stock to Buy, and 1 to Avoid

8/23/2023

SpaceX Wants to Boost the Speed of its Starlink Satellite Internet Service

SpaceX's Starlink satellite internet service is partnering with Cloudflare to improve its network performance and increase its value amidst the growing demand for broadband connectivity.

9/20/2023

Cloudflare Bounces Back with Strong Q2 Results Driven by AI Opportunity

Cloudflare's Q2 2023 earnings showcased strong performance, with revenue exceeding expectations and a positive outlook for future growth, particularly in the AI sector.

9/24/2023

Cloud Computing Market to Reach $18.7 Billion by 2027 Driven by Cost Savings and Flexibility

9/24/2023

Buffett's Big Snowflake Bet: Berkshire's Unusual $735M IPO Investment Drops 60%, But Long-Term Growth Prospects Still Look Good

9/27/2023

Cloudflare Launches New AI Tools to Simplify Deploying and Running Models

10/10/2023

Ark Invest Sells Some Tesla and Nvidia To Buy Into Cloudflare's AI Growth Potential