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CLOUDFLARE, INCCLOUDFLARE, INCCLOUDFLARE, INC

CLOUDFLARE, INC

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NET trade ideas

CloudFlare: IPO DarlingI have a hard time analyzing IPOs because there's very little technical data to analyze, but I do have some personal industry experience with CloudFlare. The sentiment and fundamentals for this firm are strong, and that's all you can analyze with IPOs! They're a tech company. They're positioned to eat Akamai's dogfood, too. They're not yet profitable, but that's common for a young company in the technology and internet space. They've increase revenue 43% from 2017 to 2018, and their racking up new paid customers like it's going out of style. Take a look at the data for yourself: www.forbes.com medium.com
NYSE:NETLong
by chuckination
8
Does NET offer a hedge amid tech carnage?Since hitting the market NET saw euphoria, a sharp selloff and then a grind up on a day where most cloud and saas plays (ROKU, NFLX, SHOP) got crushed and the market bled tech. It's likely to revisit $18.50 or even $18 again amid volatility but early signs are that NET made a good choice when they hit the market at a lower multiple. I am playing this as a swing trade but very much like the product suite and will hold long if I can get a sub $18 entry.
NYSE:NET
by sparo