Cloudflare's Leading Edge Network Drives a Fifth Straight Quarter of 50%+ Sales Growth
Shares of edge computing internet and security company Cloudflare (NYSE: NET) are on an absolute roll this year. As of this writing, the stock is up 220% over the last 12-month period alone -- valuing the young company at a whopping 100 times expected full-year 2021 revenue to enterprise value.
Given such a valuation, suffice to say any investor that makes a purchase right now should be expecting incredibly great things from Cloudflare for many years to come. The third-quarter 2021 update underpins the massive potential the firm still has -- although I'd advise against trying to chase returns at this point.
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Source Fool.com
