Time to Buy the Dip on Cloudflare Stock?

Cloudflare stock just had its AI-powered 2024 rally erased, but perhaps for a very good reason. The AI momentum is starting to wear off, though, and Cloudflare's Q1 2024 earnings update proves why that's justified. Q1 revenue beat management's outlook provided three months ago and came in at $379 million (up 30% year over year). However, as cited by co-founder and CEO Matthew Prince, global economic worry is still clouding the trajectory moving forward. Previous full-year 2024 revenue guidance of $1.648 bil ...