|Bid||55.60 x 800|
|Ask||56.15 x 1000|
|Day's Range||53.25 - 61.36|
|52 Week Range||51.00 - 221.64|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 09, 2022 - Feb 14, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||123.71|
Cloudflare (NYSE: NET) stock's terrible year got even worse this week. Shares of the cloud-services business fell a total of 16.1% this week, according to data provided by S&P Global Market Intelligence. The stock's decline comes as the market is rerating growth stocks like Cloudflare lower.
When the market is selling off like it has been for most of 2022, buying and holding stock in quality businesses is an important strategy to help weather the storm. Twilio (NYSE: TWLO) is a leading platform for developing the communications built into the websites and apps we all use every day. If you've ever messaged customer support, or communicated with a ride-share driver, there's a chance you've used a product developed using Twilio's platform.
Investor euphoria pushed many growth and technology stocks to stretched valuations in 2020 and early 2021. Cloud services company Cloudflare (NYSE: NET) was among them, trading at more than 100 times sales, making it one of the most expensive stocks on Wall Street at one point. Naturally, investors have sold highfliers like Cloudflare during the current bear market, and shares of the company are down more than 70% from their highs of $221.