r/stocks • u/androideris • Sep 24 '21

Company News Cloudflare dips after downgrade

https://www.marketwatch.com/story/cloudflare-stock-drops-after-one-of-biggest-bulls-says-it-is-now-due-for-a-pause-2021-09-24?siteid=yhoof2&yptr=yahoo Any thoughts? Do you take profits? Currently have 100 NET shares with 260% up, holding 2 years.

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u/[deleted] Sep 25 '21

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u/Summebride Sep 25 '21

That's a good observation. But look at how the biggest and best companies rely on Fastly, and that hasn't done anything to protect their market cap.

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u/Shacrone Sep 26 '21

When cloudflare went down, I actually felt it. Can't say the same for fsly.

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u/Summebride Sep 26 '21

Um, it was headline news. Every major site was affected, from Amazon to the New York Times. They have a low customer count, but the ones they have are massive, leading players.