A Bull Market Is Coming: 1 Phenomenal Growth Stock Down 72% to Buy Now and Hold Forever
The S&P 500 (SNPINDEX: ^GSPC) dropped into a bear market in early 2022, but the benchmark index has rebounded 10% in 2023, and history says the next bull market is coming. The S&P 500 has recovered from every past drawdown, and investors should expect the same outcome this time.
Cloudflare (NYSE: NET) has seen its share price drop 72% amid the bear market, but the future still looks bright for this up-and-coming cloud computing company. Here's why.
Cloudflare offers a broad range of cloud services that improve the performance and security of business-critical software and infrastructure. It also provides developer tools that empower businesses to build performant applications and websites. The company has distinguished itself through engineering expertise and immense scale. Cloudflare operates the world's fastest cloud network and developer platform, and it powers about 20% of the web.
Source Fool.com
