Bernstein Reiterates a Hold on ​Cloudflare (NET), Keeps the PT

Core Insights - Cloudflare, Inc. (NYSE:NET) is recognized as one of the best cloud stocks to buy currently, with varying ratings from analysts [1][2] - The company experienced a significant network outage on November 18, impacting major websites and drawing global attention [2][3] - Despite the outage, analysts believe it is a non-structural issue with no long-term impact on the company's reputation or operations [3] Company Overview - Cloudflare, Inc. is a connectivity cloud company that offers a comprehensive platform designed to secure, accelerate, and enhance the performance and reliability of websites, applications, and APIs [4] Market Position - The company manages and secures approximately 20% of global web traffic and serves 35% of Fortune 100 companies, highlighting its strategic importance in the industry [2][3]