Is Cloudflare Stock a Buy?
Either Cloudflare (NYSE: NET) possesses good timing or perhaps it's blessed with prescience. The provider of cloud-based services debuted on Wall Street in 2019 at $15 per share when cloud computing was rising in popularity. Mere months later the COVID-19 pandemic hit, and due to society's sudden need for cloud-based internet solutions to to take classes or work remotely, Cloudflare stock rocketed past $200 per share.
Its stock returned to earth since then. But on Dec. 15, Cloudflare shares reached a 52-week high after Fortune magazine listed the company among the top 10 businesses with long-term growth potential.
At this point, does it make sense to buy Cloudflare shares? Digging into the company in more detail can help to determine if now is a good time to invest.
Source Fool.com
