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Down 39% From Its Recent Highs, Is This Artificial Intelligence (AI) Stock Finally a Buy?
While Cloudflare (NYSE: NET) stock got off to a flying start in 2025, even hitting its 52-week high in mid-February, the shares are down 39% since.The cybersecurity and cloud solutions provider's solid fourth-quarter 2024 results had exceeded analysts' expectations and pointed toward improved growth prospects, thanks to the addition of artificial intelligence (AI)-related offerings. By mid February, the stock was up 63% for the new year.However, amid the ongoing stock market turmoil, investors seemed to decide the stock was too expensive and chose to book profits.Continue reading
While Cloudflare (NYSE: NET) stock got off to a flying start in 2025, even hitting its 52-week high in mid-February, the shares are down 39% since.
The cybersecurity and cloud solutions provider's solid fourth-quarter 2024 results had exceeded analysts' expectations and pointed toward improved growth prospects, thanks to the addition of artificial intelligence (AI)-related offerings. By mid February, the stock was up 63% for the new year.
However, amid the ongoing stock market turmoil, investors seemed to decide the stock was too expensive and chose to book profits.
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