Cloudflare (NET) CEO’s “a Solid Guy,” Says Jim Cramer

We recently published 13 Stocks That Crossed Jim Cramer’s Radar. Cloudflare, Inc. (NYSE:NET) is one of the stocks Jim Cramer discussed.

The day this show was aired, Cloudflare, Inc. (NYSE:NET) was under fire for a global disruption that disrupted a host of well-known services, including ChatGPT and Spotify. The firm later explained that the outage was due to a file that was aimed to protect against security threats. Cramer has been increasingly optimistic about the cybersecurity sector in 2025. Even though the broader software-as-a-service (SaaS) sector struggles due to AI’s impact on computer programming, the CNBC TV host has repeatedly pointed out that threats from hackers and AI’s dependence on data centers will prove to be important for cybersecurity. For instance, in mid-October, he commented that “we are a big believer in Mathcew Prince.” He kept up the optimism for Cloudflare, Inc. (NYSE:NET) in this appearance as well, despite the outage:

“Mathew Prince is a solid guy, you gotta to pay close attention to this.

“Notice Cloudflare by the way coming back. Telling you can’t hold [inaudible], no one’s going to hold Mathew Prince down. He’s the best there is.”

As for the reasons behind Cramer’s optimism, here’s what he said about Cloudflare, Inc. (NYSE:NET) and Prince in Mad Money on November 3rd:

“In August, when we last had CEO Matthew Prince on the show, he sounded earnest about wanting to help smaller publishers that are getting ripped off by AI companies. He told me that as the world transitions from search engines to answer engines, these publishers are getting hosed because, unlike search engines, AI platforms don’t send them traffic. That’s why Cloudflare is helping their customers protect themselves from AI data scraping. Without that protection, they cannot get paid. Now, we don’t know how much Cloudflare could make from this business, but man, they reported one excellent set of numbers last week… It’s one of my favorite stocks. Throw in the anti-data scraping opportunity, and they’re only going to get more profitable.”

While we acknowledge the potential of NET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.