Professional
Added to YB: 2024-08-22
Pitch date: 2024-06-30
NET [bullish]
Cloudflare, Inc.
+156.24%
current return
Author Info
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Company Info
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
Market Cap
$74.8B
Pitch Price
$82.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.1K
P/E
-723.81
EV/Sales
34.22
Sector
IT Services
Category
growth
Show full summary:
Baron Global Advantage Fund Portfolio Holding: Cloudflare, Inc.
NET: Revenue +30% YoY, large customers now 67% of total. CEO cited macro headwinds, but cybersecurity spend resilient. Guidance maintained. Strong founder-led biz with global network, pricing advantages, multi-product growth, improving margins. Thesis intact despite delayed revenue reacceleration to Q1 2025.
Read full article (1 min)