Cloudflare Earnings: 83x Operating Profits, Valuation In The Cloud

I 1 Sundry Photography Investment Thesis Cloudflare (NYSE:NET) delivered very strong Q2 2024 results that saw its stock increase by 8% after hours. More specifically, Cloudflare's prospects remain undeniably strong, which led to Cloudflare once again raising its growth prospects. According to my estimates, Cloudflare is priced at 83x next year's non-GAAP operating profits. I maintain, as I've done for a while, that this is simply the going price for this sort of company. Investors are unlikely to get Cloudf ...