Tag Archives: NET

Top 10 Tech Stocks To Invest In 2023

XRP (CRYPTO: XRP), the cryptocurrency associated with Ripple Inc., surged and tumbled in just a couple of hours at press time Thursday night.

What’s Moving: The Ripple cryptocurrency dipped and rebounded several times below the $1.098 level in a matter of a few hours on Thursday. It hit a low of $1.08 and a high of $1.24 in hours preceding press time.

Photo: The volatility seen in XRP late Wednesday. Courtesy of CoinMarketCap

The token’s volatile trading came even as other major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) staged a....More>>>

Cloudflare Has an Oversized Sales Multiple, But It’s a Buy on the Next Dip

Everyone seems to be pounding the table for Cloudflare (NYSE:NET) right now, even as the NET stock valuation rises to some 60 times expected revenue.

Source: Sundry Photography / Shutterstock.com

This cloud network and security company lost $35 million, or 12 cents per share, on revenue of $152.4 million during the second quarter of 2021. That revenue was up 53% year-over-year (YOY). Now, analysts expect 2021 revenue will be $631 million, 46% ahead of total sales for 2020.

Cloudflare entered for trade on Aug. 26 at about $123. That’s a market cap of around $39 billion.....More>>>