Jim Cramer Nailed These 12 Stock Predictions

2. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 55

In that older call, Cramer was asked whether the sharp drop in Cloudflare, Inc. (NYSE:NET) was a reason to panic or an opportunity. He backed the company’s leadership and encouraged viewers to buy the dip.

“All right, so chill, man. Looked at that quarter several times, read the conference call—don’t think Matthew Prince has lost his charm. I say you buy, buy, buy right here.”

Cramer’s dip-buying conviction paid off big with a stunning 64.18% gain.

Cloudflare, Inc. (NYSE:NET) runs a global content delivery and internet security network, protecting websites from cyber threats while optimizing web performance and scalability. Following the company’s great performance, Cramer recently praised the company’s CEO in May:

“Two winners after the close, McKesson, the ultimate drug middleman with the target on its back that’s never, never been hit, and Cloudflare, yes, the cybersecurity firm brought to you by Matthew Prince, who gave you a superb number last time, remember. I bet he can do it again.”