Tag Archives: NET

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>>>

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>>>