Workflow
Cloudflare Jumps 20% in a Day: Is It Still a Buy?
NETCloudflare(NET) The Motley Fool·2024-02-16 11:30

Sometimes the market loves a company's results so much that it dramatically reprices the stock. That's what it did when Cloudflare (NET -3.02%) reported earnings on Feb. 8; the stock jumped up nearly 20% the following trading day. Clearly, there's something in this report that made investors reconsider their valuation of Cloudflare. But was it overdone, or is the stock still a buy here?Cloudflare's core business is doing quite wellCloudflare is all about hosting workloads on the cloud. Primarily, it has bee ...