Will Cloudflare Be a Trillion-Dollar Stock by 2050?
Cloudflare(NET) The Motley Fool·2024-01-20 12:50
Cloudflare (NET 4.35%) has generated some volatile gains since its IPO in September 2019. The cloud-based content delivery network (CDN) provider went public at $15, and its shares soared to an all-time high of $217.25 on Nov. 18, 2021.But today, its stock trades at around $78. A $10,000 investment in its IPO would have grown to nearly $145,000 before shrinking back to about $52,000 today. That pullback is disappointing, but a five-bagger gain in just over four years is still impressive.Cloudflare is now wo ...