Previous Close | 55.51 |
Open | 60.01 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 900 |
Day's Range | 59.79 - 65.51 |
52 Week Range | 37.37 - 132.45 |
Volume | |
Avg. Volume | 5,322,745 |
Market Cap | 22.347B |
Beta (5Y Monthly) | 1.15 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.70 |
Earnings Date | Feb 08, 2023 - Feb 13, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 85.23 |
The company is boosting its long-term addressable market, and the expanding use of AI could play a role in its growth.
By Sam Boughedda
The market has drastically reassessed its stance on growth stocks over the last couple of years. While soaring inflation, rising interest rates, and the looming specter of economic downturn have generally crushed share prices for companies that had heavily forward-looking valuations, there have been some great stocks caught up in this broader trend that will likely bounce back to deliver incredible returns for patient investors. In an age when internet-based communications, platforms, and services have never been more central to business and everyday life, Cloudflare (NYSE: NET) is arguably one of the most important companies, and its technologies will only become increasingly essential going forward.