2024’s just got released. Time to go bargain hunting – $NET
We all know LEAPs are the way to tendies. Just picked up some 2024 130 NET calls for 35, ungodly cheap. Cloudflare is going to be the next FAANG company. We might as well just kick out Netflix because they stopped making good shows and put Cloudflare in.
Yes the stock is expensive, it’s like 50x sales or some shit. But it’s also growing faster and faster and is literally becoming the backbone of the internet. They also give their shit away for free and every tech and networking guy is becoming addicted to their suite of services, so when they start charging full price, guess who’s going to complain until they get $100k/month allocated to Cloudflare services?
Revenue growth was like …55%? last year, and it’s INCREASING Y/Y. I’m too lazy to Google the actual numbers but that’s pretty close, you can look it up yourself. It’s gonna be 60%, and then 70%, etc, for the foreseeable future.
I’ve been in this Cloudflare game since $35, and it WILL be the next $500B software company (well maybe Salesforce is going to beat them to it but whatever, it’s almost there anyway). That’s gonna put the share price north of $1k in a few years. Thank me later.
If you don’t know what Cloudflare does… go ask that networking or tech guy you know. They probably won’t shut up for a few hours.
Positions – A LOT of shares and Jan 19 2024 130c. Gonna add more soon as soon as the market gets cranky and pulls back.
via r/wallstreetbets https://ift.tt/3qhG8Zq
September 15, 2021 at 11:15AM