Why I Just Bought More Cloudflare Stock
Adding to a stock that's already in your portfolio may not be as exciting as buying a new shiny one, but it could prove to be more rewarding. I just added to my Cloudflare (NYSE: NET) position, as I've recently gained a better appreciation of how this cloud infrastructure company is positioned to grow for years to come. Let's look at the three reasons why I added more and explore whether you might want to do the same.
Cloudflare's mission is to "help build a better internet" and provide customers with the infrastructure to offer fast, reliable, and secure connections to their websites. Its network serves over 3.5 million paid and free users and is exposed to 57 billion cyberthreats per day in 175 countries around the world. As the network defends against these attackers, it learns and becomes better for all customers. Today, its network can reach 99% of the connected global population in less than 100 milliseconds. But what's even more impressive is that it uses this scale to its advantage when releasing new products and features.
Image source: Getty images.
Source Fool.com
