Cloudflare is an internet infrastructure (content delivery network and web security) provider with a market cap of about $ 25 billion.
NET has developed and implemented a next-generation edge networking platform that has been in high demand during the pandemic. Its clients are both businesses and individuals who shifted activities online. As a result, Cloudflare’s already-enviable growth rate held steady amid the spring lockdown phase of the crisis and has accelerated since.
Operating at the forefront of next-gen cloud and edge computing, and in possession of plenty of liquidity to fund its efforts to disrupt the status quo, Cloudflare has no shortage of options to continue its fast expansion in the next decade. Its long-term potential is great enough that I’ll nibble on a few shares here and there in spite of the sky-high premium.
NET has a high-growth business, and its share price is likely to remain extremely volatile in 2021. Therefore, building up an exposure over time could be opportune.