Ask HN: Cloudflare stock as a long term investment?
I know the IPO bump already happened ... but I wonder if it might be advantageous to buy some now anyway. Who are their real competition? What is their business plan?
2 comments
Fastly opened at 16 and has hovered around 26-28 dollars for a while. Akamai, which I believe cf is closer to in terms of features and overall structure is around 90 a share. At 18-19 a share it seems possible that cf would gain another 10-20 per share from where it's at today.
Obviously this is just projecting. I bought shares on Friday above where it closed and today it's up so far. I think the window is still open but idk how much longer that will be true. Time in market usually beats timing in market though.
Obviously this is just projecting. I bought shares on Friday above where it closed and today it's up so far. I think the window is still open but idk how much longer that will be true. Time in market usually beats timing in market though.
The competition is Fastly for example. The downside is that there are fewer and fewer independent websites.