Jim Cramer on Cloudflare CEO: “Matthew Prince, He Delivers”

Cloudflare, Inc. (NYSE:NET) is one of the stocks Jim Cramer recently talked about. A caller asked if they should wait for a better entry point into the stock, and Cramer replied:

“No, no, you, it’s actually, you’ve had a better entry point. The stock was down after that curious… brain freeze. And I think that this stock is a buy right now. Matthew Prince, he delivers. He delivers.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Cloudflare, Inc. (NYSE:NET) provides cloud-based security, performance, and networking solutions for businesses, including website protection, Zero Trust security, content delivery, and developer tools. During the November 3 episode, Cramer highlighted the stock as one of the potential AI winners, as he stated:

“Finally, let me give you one more potential AI winner that doesn’t need to spend… more money to get there but has really been moving up a lot and that’s a company called Cloudflare, the cybersecurity company/content delivery network that looks to be like an enforcer for all the content publishers that are basically getting their data stolen by generative AI platforms. This past summer, Cloudflare announced that it was the first internet infrastructure provider to block AI crawlers from accessing content without permission.

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 risk and potential of NET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NET and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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