Previous Close | 58.91 |
Open | 59.00 |
Bid | 61.41 x 800 |
Ask | 61.94 x 900 |
Day's Range | 58.78 - 62.23 |
52 Week Range | 37.37 - 128.40 |
Volume | |
Avg. Volume | 5,153,253 |
Market Cap | 20.263B |
Beta (5Y Monthly) | 1.06 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.70 |
Earnings Date | May 03, 2023 - May 08, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 63.00 |
Confluent (NASDAQ: CFLT) and Cloudflare (NYSE: NET) are rapidly expanding their top lines. As revenue expands, they are demonstrating economies of scale. This video will determine which growth stock is the best one to buy now.
Cloud computing makes it possible to access infrastructure and software through the internet, which eliminates the cost and complexity of maintaining those solutions in private data centers. Grand View Research estimates the cloud computing market will increase at 14% annually through 2030, and while many companies will benefit from that trend, Cloudflare (NYSE: NET) stands out from the pack. The company has demonstrated a remarkable capacity for innovation and has delivered solid financial results on a consistent basis, yet it has hardly scratched the surface of its addressable market.
This high-flying tech stock looks set for more upside thanks to the growing demand for generative AI applications.