3 Reasons Cloudflare Stock Is a Buy After Q2 2021 Earnings
Cloudflare (NYSE: NET) is having itself a year. Shares of the cloud- and edge-network-based internet infrastructure company are up 64% so far in 2021, building on the massive 345% run it had last year. This is far from a one-off winner from the massive uptick in internet use during the pandemic, and Cloudflare's Q2 2021 earnings update continues to prove that.
This is an "expensive" stock, but if you can stand to patiently wait through the wild ups and downs, this looks like a great business to own for the decade ahead as the cloud reshapes the global economy. Here are three reasons why.
When Cloudflare made its public debut a couple years ago, it had a unique go-to-market strategy for an enterprise-grade cloud service: Launch new services for free for individual users, then go after bigger paying customers later. It's been incredibly successful.
Source Fool.com
