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.
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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>>>