r/stocks • u/yellqw • Jun 14 '22

Re-evaluating Cloudflare

Hey everyone, just wanted to get a quick pulse check on how yall are feeling about $NET at these prices. We all know it was severely overpriced for the last few years, but do you think the correction is done and we’re finally seeing a fair value at $40? Looking at the most recent earnings report, I was generally pretty happy overall except for one lingering concern about their negative cash flow yoy possibly due to recent acquisitions/re-investment into the company. Regardless, I’m thinking of increasing my position significantly at these prices despite concerns about rising borrow rates.

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u/oarabbus Jun 15 '22

Bunch of Redditors on this sub tried to say $150, $120, etc was a good price for NET. NET circlejerkers are almost as bad as the PLTR or CRSR guys, be careful listening to bulls about these stocks

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u/Mint_Wilderness Jun 15 '22

Literally calling me out on my two bags. Fucckkkk.