3 Reasons to Buy Cloudflare Stock, and 1 Reason to Sell
Cloudflare's (NYSE: NET) stock price surged 27% on Aug. 5 after the cloud-based services provider posted its second-quarter earnings report. Its revenue rose 54% year over year to $234.5 million, beating analysts' estimates by $7.1 million. Its adjusted net income of $0.3 million marked a major improvement from its net loss of $7.3 million a year earlier, and its break-even earnings per share (EPS) exceeded analysts' expectations by a penny.
Cloudflare's headline numbers looked solid, but its stock remains down more than 40% for the year following its post-earnings rally. Let's review three reasons to buy Cloudflare -- as well as one reason to sell it -- to see if it's finally primed to rebound throughout the rest of the year.
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Source Fool.com
