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., 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. offers a globally distributed network that accelerates and secures internet traffic, increasingly integrating AI for better web performance.
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This article is originally published at Insider Monkey.
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