The company's revenue is growing nearly 50% annually. Cloudflare is yet to reach positive free cash flow.
If you're looking for undervalued tech stocks, you're certainly in luck. The market is saturated with these names.
Cloudflare (NET) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
If I were starting a new growth stock portfolio today, here are the stocks I'd buy.

Cloudflare Stock: Bull vs. Bear

07:10am, Saturday, 18'th Mar 2023
Cloudflare is scaling rapidly and efficiently and presents a big upside on the heels of sell-offs. Paying premium valuations for Cloudflare in the middle of rising industry headwinds could be risky.
Fortinet generates stable and profitable growth while trading at reasonable valuations. Cloudflare is growing a lot faster, but it's less profitable and its stock is more expensive.
Cloudflare's stock price has been under a lot of pressure over the past year. The cloud company continues to grow briskly.
Even with a tougher economic backdrop, the internet will keep growing, and that will benefit top web services providers. Macro pressures have cast a shadow over the digital ads industry, but it will l
Cloudflare is rapidly growing its large customer count. Investors have gotten short-sighted with Twilio's stock.
Cloudflare, Inc. (NYSE:NET ) Morgan Stanley Technology, Media & Telecom Conference March 8, 2023 3:15 PM ET Company Participants Thomas Seifert - CFO Conference Call Participants Keith Weiss - Morgan

Why Did Cloudflare Stock Rise 13% in February?

09:05pm, Tuesday, 07'th Mar 2023
Cloudflare delivered impressive revenue growth and operating earnings. The company issued strong guidance for 2023 financials.

Buy These 2 Growth Stocks on the Dip

07:45am, Monday, 06'th Mar 2023
Cloudflare is becoming an essential tool for helping companies defend against cyber attacks. Block is evolving -- its Cash App surpassed Square in gross profit for the first time last quarter.
The Trade Desk delivered an epic conclusion to 2022 and continues to scoop up digital ad market share. Applied Materials makes equipment critical to the manufacture of semiconductors people use every

Best Stock to Buy Now: Cloudflare vs. Zoom

08:00am, Saturday, 04'th Mar 2023
Pitting the communications company against the cybersecurity growth stock.
Top-tier service offerings have these stocks primed to explode with the market's next bull phase.
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