Cloudflare and Elastic Show Strong Growth Potential Despite Slowing Economy
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Cloudflare provides cloud services for security and performance. Revenue grew 32% last quarter. Morningstar expects 332% sales growth in 5 years.
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Elastic offers data analytics products like Search, Observability, and Security. It integrates well with other tools. Morningstar expects 139% sales growth in 5 years.
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Cloudflare is capitalizing on AI startups and zero-trust security. It aims for $5B revenue by 2027.
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Elastic faces competition but retains leadership in search. Growth is slowing recently due to the economy.
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Both Cloudflare and Elastic have strong growth potential based on analyst forecasts. Cloudflare may be less risky currently.