Cloudflare (NET) Stock Analysis | High Growth Stock in 2021
Cloudflare's (NET) stock price has nearly tripled in the last year, but it is growing so quickly with revenues increased 50%+ year over year that this stock might still be a bargain. This combined with Cloudflare's large ambitions and potential made me want to make this analysis as I dive deeper into the company's background and fundamentals.
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In this video I will cover some background on Cloudflare as a company, look at their Q1 2021 earnings announcement, talk about wha they do and how they can continue to grow, and finally examine their Q2 forecast and explain what I think the future for the stock holds. I have owned Cloudflare for over than a year, and when I bought it, it was in conjunction with buying Fastly, a very similar high growth SaaS stock. At the time I wasn't sure which company would perform better long term, so I split my funds between the two. After seeing each company report their Q3 earnings, it became clear to me that I would rather own Cloudflare than Fastly, and I sold out of the latter position.
Since then I have been very happy with my choice to invest in Cloudflare both from a stock performance and a company fundamentals perspective.
This video will focus mostly on my thoughts on Cloudflare as a long-term investment which can grow over time, though I do offer some thoughts on their potential Q2 performance.
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I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
0:00 Overview
1:01 Cloudflare's Origin
2:06 Understanding NET's Products
4:11 Q1 Earnings
6:34 Cloudflare's Future Customers
8:10 Q2 Forecast
9:13 Cloudflare's Market Potential
10:19 What I'm Doing