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Cloudflare Inc

NET: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$62.00FzxmxkKpzgcmdnc

We’d Give Cloudflare a Competitive Edge as It Continues to Widen its Set of Security Solutions

Business Strategy and Outlook

We believe Cloudflare is poised for success in both the security and edge computing spaces. As a security-focused content delivery network (CDN), Cloudflare stands to benefit from increased cybersecurity spend. Currently, more than 10% of global internet traffic goes through Cloudflare’s network, with more than one quarter of all websites in the world using Cloudflare. We expect cybersecurity to be increasingly relevant for firms across the globe as cyberattacks continue to increase. However, we think Cloudflare is capable of much more than security, and we view edge computing as a major opportunity for the firm.

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