Was Jim Cramer Right About Cloudflare, Inc. (NET)?

We recently published a list of Was Jim Cramer Right About These 11 Stocks? In this article, we are going to take a look at where Cloudflare, Inc. (NYSE:NET) stands against other stocks that Jim Cramer discusses.

In an older episode, Jim Cramer brought up Cloudflare, Inc. (NYSE:NET), a company he admitted having a personal fondness for, as one that had fallen out of favor following a disappointing quarter at the time. He pinned the stock’s slump on weak messaging rather than fundamentals, and pointed to a potential comeback if leadership could change the narrative:

“Here’s one that I take personally because I like it so much, it’s Cloudflare. Can they make a comeback? It’s been down in the dumps ever since that last quarter. When CEO Matthew Prince gets in front of that podium from yesterday, I expect he can tell a better tale than he did when that quarter was reported. If he does, then I say you’ve got to own the stock ahead of the analyst meeting. It’s feeling real de-risked at these levels. I like it.”

A close-up of a server array powering a cloud-services system.

Cramer’s call for a comeback was on point as Cloudflare exploded 114.67%. Cloudflare, Inc. (NYSE:NET) offers a globally distributed network that accelerates and secures internet traffic, increasingly integrating AI for better web performance.

Overall, NET ranks 2nd on our list of stocks that Jim Cramer discusses. 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 AI stock that is more promising than NET and that has 100x 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.