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Cloudflare, Inc. (NET): A Bull Case Theory 

We came across a bullish thesis on Cloudflare, Inc. on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on NET. Cloudflare, Inc.'s share was trading at $200.21 as of November 28th. NET’s forward P/E was 161.29 according to Yahoo Finance.

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. NET delivered a strong Q3 2025 performance with $562 million in revenue, growing 31% year over year and 10% sequentially, supported by robust billings, record net new ARR, and a...