Cloudflare Jumps 20% in a Day: Is It Still a Buy?
Sometimes the market loves a company's results so much that it dramatically reprices the stock. That's what it did when Cloudflare (NYSE: NET) reported earnings on Feb. 8; the stock jumped up nearly 20% the following trading day.
Clearly, there's something in this report that made investors reconsider their valuation of Cloudflare. But was it overdone, or is the stock still a buy here?
Cloudflare is all about hosting workloads on the cloud. Primarily, it has been used to host websites on its data center network, which spans 310 cities across the globe. By being closer to a data center, anyone trying to access the information should see greater speeds, whether on a website or an enterprise network.
Source Fool.com
