Was Jim Cramer Right About These 11 Stocks?

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2. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 65

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.”

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.

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