Jim Cramer on Cloudflare: “It’s Holding Up Much Better Than Many of Its Other Rivals”

Cloudflare, Inc. (NYSE:NET) is one of the stocks on Jim Cramer’s radar. Cramer noted that the company’s operations are not as easily replaceable by AI, as he remarked:

Can any enterprise software stock escape that gravitational pull of a market that dislikes the entire group? If there were, it would look like something called Cloudflare, an internet infrastructure play with a cybersecurity kicker. This is not something that can easily be replaced by some piece of code written by the AI platforms. But somehow, that still hasn’t saved the stock. When Cloudflare reported three weeks ago, it delivered a top and bottom-line beat… In response, the stock popped 5%… but then it drifted down, and it’s now down 31% from its high four months ago. Stock is pretty expensive on a price-to-earnings basis. Then again, it’s holding up much better than many of its other rivals because it has fabulous growth.

Image by MayoFi from Pixabay

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. We recently covered the stock whilst discussing the best stocks to buy for long-term growth. You can read about it here.

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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