Is It Too Late to Buy Cloudflare Stock?

Cloudflare (NET -2.67%) stock surged more than 20% following the release of its quarterly report for the fourth quarter of 2023 and the entire year. As a result, it sells at its highest price in nearly two years.Nonetheless, that increase has also taken Cloudflare to its highest valuation since the middle of the 2022 bear market. Now, with generative AI sparking a renewed interest in the stock, its valuation has dramatically increased. Does that mean investors waited too long to buy?The state of CloudflareF ...