Cloudflare (NYSE: NET) has taken investors on a wild ride since its IPO in 2019. The content delivery network (CDN) provider went public at $15, and it hit an all-time high of $217.25 on Nov. 18, 2021, during the growth stock rally.

But today, Cloudflare's stock trades at about $108. It lost its luster as its revenue growth cooled off, it remained unprofitable on a generally accepted accounting principles (GAAP) basis, and rising interest rates compressed its valuation. Nevertheless, a $50,000 investment in its IPO would still be worth about $360,000 today.

Image source: Getty Images.

Continue reading

Source Fool.com